What is a control self-assessment (CSA)?

A control self-assessment (CSA) is fundamentally a process where employees evaluate their own controls within an organization. This approach empowers individuals at all levels to engage in the assessment of the effectiveness and efficiency of their own internal controls and risk management processes. By conducting self-assessments, employees can identify strengths and weaknesses in their operational areas, fostering a culture of accountability and continuous improvement.

The CSA process is valuable because it promotes ownership of controls among staff, encourages transparency, and enhances communication within teams about risk management. It allows organizations to identify areas requiring attention without external pressure and serves as a proactive measure in risk management, as employees are often the most knowledgeable about the processes they handle. This internal perspective is crucial for developing a comprehensive understanding of control efficacy and risk exposure.

In contrast, tools designed for external auditors would not focus on internal evaluations by employees, while a third-party review does not facilitate the same level of engagement and self-awareness fostered by a CSA. Similarly, a mandatory risk reporting procedure implies a formal requirement for reporting risks rather than the self-driven process characteristic of a CSA.