COSO Framework – Jamie Acker

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Imagine

you are the Director of Internal Audit and the Chairman of the Audit Committee and asks you to prepare a report for the Board of Directors explaining the 2012 COSO framework for internal control and the benefits for adopting the framework.

  • Write a report of approximately 700 to 1,050 words explaining the five interrelated components of internal control.
  • Describe the benefits for adopting this framework.
  • Justify why this is the appropriate framework and will encourage integrity and ethical values for the organization.
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