An ICS (= InControlStatement) is a declaration in which the management board takes responsibility for the quality of internal control. This means that the processes aimed at achieving the organization's objectives are effectively managed, or "In Control." It is a component of overall SME governance, representing good management practices for small and medium-sized enterprises.
With an ICR (In Control Rating) of 1 or 2, you as a manager declare that the risk management and control system is adequately set up and has functioned effectively (effective operation must be demonstrable). With an ICR of 4 or 5, this cannot be assured, and with an ICR of 3, it depends on the specific situation and associated performance scores of the ICR objectives.
To achieve an ICR 1, your organization must score an average of higher than 9 across all objectives. An ICR 1 indicates that your organization is nearing perfection and is therefore minimally vulnerable. In other words, your organization is optimally In Control.
To achieve an ICR 2, your organization must score an average of higher than 8 across all objectives. An ICR 2 indicates that your organization is sufficiently to well-organized and is therefore less vulnerable. In other words, your organization is sufficiently to well In Control.
Understanding individual business concepts is valuable. Connecting them and putting them into practice is what makes the difference. It all begins with clarity.
The ICR Organizational Operating System, brought to life through the ICR Growth & Success SaaS Platform, connects the Ultimate Stakeholders’ Ambition, business model, strategy, organizational design and daily execution into one coherent organizational system. It helps leaders and teams make direction, responsibilities and decision-making explicit, reduce dependence on specific individuals, and make progress, risks and opportunities for improvement visible.
Clarity. Confidence. Peace of Mind.
But why was ICR developed in the first place?
Explore practical resources, exchange insights and deepen your understanding of how the ICR Organizational Operating System can support the development of your organization.