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CONTROL EFFECTIVENESS INDEX

Robin S (79 Points)

10 May 2007

hi friends,
is there anybody who can put some light & help me on the following topics :
1. CONTROL EFFECTIVENESS INDEX
2.POLICY EFFECTIVENESS INDEX

thnkx,
robin

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4 Replies

The One (379 Points)
Replied 10 May 2007

The One Says:

An Index is a relative value. I think that answers the question :)

Robin S (79 Points)
Replied 10 May 2007

Thanks for spending time for answering my query.
but i want to know how to calculate it . wht are its formulae.
& how to implement it & at last how to use it in our audit.

Tk Care,

Regards,
Robin.

The One (379 Points)
Replied 10 May 2007

The One:

Look at it this way an index is a statistical measure of change.

So, although I must confess (hence my reluctance to give a more elaborate explanation) to have never heard these terms before I could make a prudent guess to a reasonable certainty that they would imply what the situation (mostly likely in terms of money) was before relative to after the implementation of the control or the policy alternatively a comparative index between two time periods.