Question
Discuss (explain) the 5 components of the internal control framework: Control environment Risk assessment Control activities Information and communication Monitoring Which component do you feel
Discuss (explain) the 5 components of the internal control framework:
- Control environment
- Risk assessment
- Control activities
- Information and communication
- Monitoring
Which component do you feel is the most important for an accountant (not an auditor)? Please add references if you use -
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The internal control framework as outlined by the Committee of Sponsoring Organizations of the Treadway Commission COSO consists of five interrelated components that are essential for effective intern...
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Contemporary Auditing
Authors: Michael C. Knapp
10th edition
978-1285066608, 128506660X, 978-1305445161, 1305445163, 978-1305970816
