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Large IT departments have traditionally been the focus of internal controls and its systems are tested as a normal function of an external audit. Because those IT departments have always been expensive to maintain and slow to respond to implement new systems or changes to existing systems, operating departments, especially accounting, have developed their own spreadsheets and small databases to meet their needs in a timely fashion. What does COSO have to say about the error risk and associated controls of both of those technologies?

Posted Date: May 08, 2024 03:05 AM

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Can you kindly assist me with the below. I really appreciate your assitance. each wortth forrttyyy poiiinttss.

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COSO Committee of Sponsoring Organizations of the Treadway Commission is a widely recognized framework for internal control and enterprise risk management While COSO does not specifically address the ... View the full answer

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