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Below are the 17 principles associated with the COSO IC model. Explain 6 of them and where they fit in the IC-integrated framework. Commitment to
Below are the 17 principles associated with the COSO IC model. Explain 6 of them and where they fit in the IC-integrated framework.
- Commitment to ethical values
- Board independence
- Organizational structure
- Commitment to competence
- Accountability
- Specify objectives
- Identify and analyze risks
- Consider potential for fraud
- Obtain and use information
- Internally communicate information
- Communicate with external parties
- Ongoing/separate evaluations
- Communicate deficiencies
- Select/develop control activities
- Select/develop technology controls
- Deploy through policies and procedures
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