The Management Internal Control Toolset (MICT) program functions as what type of evaluation tool?

The Management Internal Control Toolset (MICT) program functions as a real-time evaluation tool because it is designed to consistently monitor and assess internal controls and operational performance. This real-time capability allows for immediate feedback and the identification of issues as they arise, enabling organizations to make timely adjustments to their processes and controls.

In contrast, other types of evaluation tools mentioned, such as periodic and annual evaluation tools, typically involve assessments conducted at specific intervals, which may lead to delays in addressing any identified deficiencies. The retrospective evaluation tool focuses on analyzing past performance rather than ongoing monitoring, which could result in missed opportunities for continuous improvement. Therefore, the real-time aspect of MICT is essential in maintaining effective internal controls and ensuring responsiveness to current operational conditions.