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1) Answer each question below with a complete description including citations/references to official literature. a) What is COSOs mission? i) One resource: http://www.coso.org/documents/2014-2-10-COSO%20Thought%20Paper.pdf b) What

1) Answer each question below with a complete description including citations/references to official literature. a) What is COSOs mission? i) One resource: http://www.coso.org/documents/2014-2-10-COSO%20Thought%20Paper.pdf b) What is COSOs framework? i) One resource:http://www.coso.org/documents/2014-2-10-COSO%20Thought%20Paper.pdf c) What are COSOs Key Risk Factors? i) One resource:http://www.coso.org/documents/COSOKRIPaperFull-FINALforWebPostingDec110_000.pdf d) What are COSOs Key Performance Indicators? i) One resource:http://www.coso.org/documents/COSOKRIPaperFull-FINALforWebPostingDec110_000.pdf e) How do KRF & KPI relate to clients IC structure? i) One resource:http://www.coso.org/documents/COSOKRIPaperFull-FINALforWebPostingDec110_000.pdf f) How do KRF & KPI relate to auditors.. i) Understanding of clients Internal Control structure ii) Assessment of clients Control Risk iii) Testing of clients Internal Controls iv) Reporting on clients Internal Control structure (1) One resource: http://www.coso.org/documents/COSOKRIPaperFull-FINALforWebPostingDec110_000.pdf 2) Identify and describe each PCAOB standard [AS] that relates to the COSO framework described in #1b) above. (include citations/references to official literature) a) By means of which audit activities does the auditor comply with COSO concepts and PCAOB standards? 3) Identify and describe each AICPA standard [AU] that relates to the COSO framework described in #1b) above. (include citations/references to official literature) a) By means of which audit activities does the auditor comply with COSO concepts and PCAOB standards

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