Components Of COSO Flashcards

1
Q

Control Environment Principles

A

Ethics (tone at top)
Board oversight
Org structure
Competence
Accountability

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2
Q

Risk Assessment Principles

A

Specify objectives
Assess changes
Fraud consideration
Risk analysis

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3
Q

Control Activities Principles

A

Develop control activities
Technology controls
Policies/procedures

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4
Q

Info and Communication Principles

A

Obtain/use info
Internal communication
External communication

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5
Q

Monitoring Principles

A

Separate / ongoing evaluation
Communication deficiency

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