The Risk and Control Matrix (RCM) Templates Available on KnowledgeLeader
These sample RCMs contain a compilation of risks by business process and a vast array of possible controls for each. Once published, each of our RCMs will be periodically refreshed with new content, making it its own expanding resource.
You can download our Accounts Payable RCM for free to see an example of these tools on KnowledgeLeader!
Here are the RCMs we've published thus far:
Browse all the Risk Control Matrices
Using an RCM in Your Risk Management Strategy
A successful risk management strategy requires a strong internal control environment. The RCM format emphasizes that strong and risk-oriented internal control environments are often optimized with automated/manual controls, depending on the situation.
An RCM provides an overview of different control objectives that organizations should take into consideration and the corresponding controls to safeguard the company against risks which may arise if not checked timely. You can start your risk assessment process with one of our sample RCMs and then customize it by picking and choosing the controls that best fit your organization. The control assessment can then also be summarized to develop an action plan.