The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has developed a comprehensive framework for assessing the quality of a company’s internal controls with regard to their financial reportings. This organization is made up of representatives from the AICPA, the IIA, IMA, and other leading authorities in the field.
- Using the framework issued by COSO, discuss the components and how they fit together to create a continuous internal control process.
- Write a minimum of 2 paragraphs.
- Then, choose a control that you find interesting, and do additional research to thoroughly explain it.
- Be sure to share your references.