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Which component of the COSO Enterprise Risk Management Integrated Framework is concerned with understanding how transactions are initiated, data are captured and processed, and information

  1. Which component of the COSO Enterprise Risk Management Integrated Framework is concerned with understanding how transactions are initiated, data are captured and processed, and information is reported? What are the other components of COSO Framework? Please discuss them briefly with example of each component. (10 marks)

b) Explain how a company could be the victim of fraud, even if ideal segregation of duties is enforced.

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