Please enable JavaScript.
Coggle requires JavaScript to display documents.
COSO FRAMEWORK COMPONENTS (I. CONTROL ENVIRONMENT (Demonstrates…
COSO FRAMEWORK COMPONENTS
I. CONTROL ENVIRONMENT
Demonstrates commitment to integrity and ethical values
Exercises oversight responsibility
Establishes structure, authority, and responsibility
Demonstrates commitment to competence
Enforces accountability
II. RISK ASSESSMENT
Specifies suitable objectives
Identifies and analyzes risk
Assesses fraud risk
Identifies and analyzes significant change
III. CONTROL ACTIVITY
Selects and develops control activities
Selects and develops general controls over technology
Deploys through policies and procedures
IV. INFORMATION & COMMUNICATION
Uses relevant information
Communicates internally
Communicates externally
V. MONITORING
Conducts ongoing and/or separate evaluations
Evaluates and communicates deficiencies