What is entity-level control in SAP GRC-SPC - GRC Process Controls for SAP?

SAP Term: entity-level control

• Component: GRC-SPC

• Component Name: GRC Process Controls for SAP

• Description: An internal regulation, typically at a high level in the organization for example, company or enterprise. Entity-level controls are policies that have a pervasive effect on an entity's system of internal control. One instance might be the code of ethics followed by management across the orgnization.

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• Key Concepts: 
  Entity-level control is a feature of the GRC-SPC GRC Process Controls for SAP S/4HANA component. It is a risk management tool that helps organizations identify and manage risks associated with their business processes. Entity-level control helps organizations identify and address potential risks before they become a problem. It also helps organizations ensure compliance with internal and external regulations.
  
  How to use it: 
  Entity-level control can be used to identify and manage risks associated with business processes. It can be used to identify potential risks, assess the impact of those risks, and develop strategies to mitigate them. Entity-level control can also be used to monitor compliance with internal and external regulations.
  
  Tips & Tricks: 
  When using entity-level control, it is important to ensure that the risk assessment process is comprehensive and up-to-date. It is also important to ensure that the risk management strategies are regularly reviewed and updated as needed.
  
  Related Information: 
  Entity-level control is part of the GRC-SPC GRC Process Controls for SAP S/4HANA component. Other features of this component include process controls, process monitoring, and process optimization.