What are business controls?

Business Controls are processes, policies, and procedures that organizations put in place to manage risks, ensure compliance with laws and regulations, and support the achievement of business objectives. These controls can be preventive, detective, or corrective, and they help maintain integrity, accuracy, and security within business operations. People working in Business Controls often collaborate with other departments to identify risks, implement control measures, and monitor their effectiveness. Effective business controls are essential for minimizing errors, fraud, and regulatory penalties.