CONTROL EFFECTIVENESS INDEX

The One Says:

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

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:

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.

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