The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control - Integrated Framework is widely accepted as the standard model for properly designed internal control systems. The Framework classifies the objectives of the control system into three categories: operations, reporting, and compliance. Does the current system of controls at Raven's Head Ranch address these objectives? How would you define these objectives for the ranch? 8. The COSO Framework conceptualizes internal controly as having five components: (1) control activities. (2) risk assessment. (3) information and communication, (4) monitoring, and (5) the control environment. Explain these components and how they are present (or missing) at Raven's Head Ranch?