ommittee of sponsoring organizations refers to policies and procedures that support the cultural issues such as integrity, ethical values, competence, philosophy, and operating style?

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byronrobertson4943 byronrobertson4943

01-12-2022
Social Studies

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ommittee of sponsoring organizations refers to policies and procedures that support the cultural issues such as integrity, ethical values, competence, philosophy, and operating style?

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Tutorconsortium359 Tutorconsortium359 · Answer 1 · 2022-12-06T14:50:43+01:00

Control activities is that element of Committee Of Sponsoring Organization (COSO) that refers to policies and procedures that support cultural issues.

Describe COSO.

A private sector project called COSO, or the Committee of Sponsoring Organizations of the Treadway Commission, was started in 1985 with the goal of enhancing the caliber of financial reporting by emphasizing corporate governance, moral behavior, and internal control.

What are the COSO framework's five components?

Environment in control: The control environment aims to ensure that all business procedures are founded on the adoption of best practices in the industry.
risk management and evaluation.
Control activities.
Information and communications.
Monitoring.

To know more about COSO, refer to:

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