Controls and Risks are matched using the many-to-many matrix solution. This approach allows fast “what-if” calculations to be performed to determine the likely effect of control enhancements, the reduction in exposure levels and different mixes of asset types.
One of the unique features of CAREWeb™ is its ability to quantify the strength of a certain function’s control environment. This is referred to as the “Gap in the Control Environment”. The bigger the Gap, the weaker the Control Environment.
CAREWeb™ also differentiates between weaknesses caused by lack of controls and those caused by inadequacy and inefficiency of controls.