Page 3 - 4-Level Funnel Diagram Design for PowerPoint
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IT Change Management
Key Terminology
Acronym Description Impact
Compliance Adherence to policies, plans, procedures, laws, regulations, High
contracts, or other requirements.
Any action taken by management, the board, and other parties to
Control manage risk and increase the likelihood that established objectives High
and goals will be achieved..
The control environment provides the discipline and structure for
Control Environment the achievement of the primary objectives of the system of internal High
control.
Control Framework A recognized system of concepts encompassing all elements of High
internal control.
Fraud Any illegal act characterized by deceit, concealment, or violation of Low
trust.
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