[Verse 1] In the world of corporate control systems Management must watch and learn Ongoing monitoring through daily operations Making sure the wheels still turn Every process needs attention Every risk deserves a view Continuous assessment keeps us moving Tells us what we need to do [Chorus] Monitor and evaluate, never hesitate Watch the controls that keep us straight Ongoing checks and separate reviews M-O-E, that's what we use Monitor and evaluate, don't be late Quality control is our mandate Separate assessments show the truth M-O-E protects our proof [Verse 2] Management's monitoring activities Built into the daily flow Supervisory reviews and reconciliations Help us catch what we should know Dashboard metrics tell the story Exception reports ring the bell But ongoing checks aren't always enough Independent eyes serve us well [Chorus] Monitor and evaluate, never hesitate Watch the controls that keep us straight Ongoing checks and separate reviews M-O-E, that's what we use Monitor and evaluate, don't be late Quality control is our mandate Separate assessments show the truth M-O-E protects our proof [Bridge] Separate evaluations bring fresh perspective Internal audit takes the lead External parties see what we might miss Independent views meet our need Periodic testing of control design Operational effectiveness too Balance ongoing with separate assessments That's what professional accountants do [Verse 3] Quality of performance over time Requires both approaches combined Management's daily monitoring activities With independent assessments aligned Documentation tells the story Evidence supports our claim Internal control evaluation Keeps the system in the game [Chorus] Monitor and evaluate, never hesitate Watch the controls that keep us straight Ongoing checks and separate reviews M-O-E, that's what we use Monitor and evaluate, don't be late Quality control is our mandate Separate assessments show the truth M-O-E protects our proof [Outro] From ongoing to separate evaluation Control performance needs both ways Monitor and evaluate the system Every single business day
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