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It is critical that an organization' s IAD be independent. How might a charter ensure this goa is accomplished? How did The Schwan Food

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It is critical that an organization' s IAD be independent. How might a charter ensure this goa is accomplished? How did The Schwan Food Company's IAD charter contribute towarc independence? the executive surnmary of Intemal Control Integrated Framework by the of Sponsoring Organizations (COSO) of the Treadway Commission (sek http://www.coso.org/publications/executive surnmarv integrated framework.htm) summarize its main points. Critique and evaluate The Schwan Food Company's initia efforts to implement their internal audit function using the five internal control componenu as a rubric. How well were each of these five internal control components initialb established? Assign scores from O (worst) to 5 (best) ftjr each component. Ask students tc compare and iustify their scores.

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