Components Of COSO Flashcards
1
Q
Control Environment Principles
A
Ethics (tone at top)
Board oversight
Org structure
Competence
Accountability
2
Q
Risk Assessment Principles
A
Specify objectives
Assess changes
Fraud consideration
Risk analysis
3
Q
Control Activities Principles
A
Develop control activities
Technology controls
Policies/procedures
4
Q
Info and Communication Principles
A
Obtain/use info
Internal communication
External communication
5
Q
Monitoring Principles
A
Separate / ongoing evaluation
Communication deficiency
