Which controls establish policies and procedures to reduce risk and meet compliance objectives?

Procedural controls are specifically designed to create policies and procedures that help organizations manage risk and comply with regulatory requirements. These controls ensure that there are established methods for carrying out operations safely and effectively, thereby addressing potential risks in processes.

By defining clear guidelines and workflows, procedural controls help in identifying areas of vulnerability and provide steps to mitigate these risks. For example, through documented procedures, an organization can ensure that all employees understand their roles in compliance efforts, consequently reducing the likelihood of non-compliance and its associated penalties.

This approach is fundamental in industries that are heavily regulated, where adherence to established processes can demonstrate due diligence and accountability. Thus, procedural controls serve as a vital framework for maintaining organizational integrity and operational efficiency while ensuring adherence to legal and ethical standards.