What is a benefit of conducting a controlled self-assessment?

Conducting a controlled self-assessment is highly beneficial because it increases motivation and awareness among staff members. When employees are involved in the self-assessment process, they gain a clearer understanding of policies, compliance requirements, and the importance of their roles in preventing fraud and ensuring adherence to regulations. This engagement fosters a sense of ownership over their work and its impact on the organization’s overall compliance culture.

Participants in a self-assessment learn to recognize potential risks and fraud indicators more effectively, leading to heightened vigilance and awareness. This proactive approach not only helps in identifying areas that may require improvement but also creates a conducive environment for open communication regarding compliance issues. When staff members feel motivated and aware, they are more likely to take initiative, report suspicious activities, and collaborate in building a robust compliance framework.

In contrast, the other options do not accurately represent the positive outcomes associated with a controlled self-assessment. For instance, diminishing accountability among staff, frequently involving external auditors, or eliminating the necessity for risk assessment do not align with the core objectives of promoting awareness and motivation in a compliant work environment.