In an “effective” internal control system, the following five components work to support the achievement of an entity’s mission, strategies and related business objectives. 1. Control Environment 2. Risk Assessment 3. Control Activities 4. Information and Communication 5. Monitoring Source: https://info.knowledgeleader.com/bid/161685/what-are-the-five-components-of-the-coso-framework
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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