Name the five components of internal control.
Question:
Name the five components of internal control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The five components of internal control as defined by the Committee of Sponsoring Organizations of the Treadway Commission COSO are 1 Control Environm...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
136+ Reviews
429+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
SOX and COSOs Internal Control Frameworks Required a. Explain what the acronym SOX refers to. b. Define the acronym COSO and explain how it relates to SOX. c. Name and briefly define the five...
-
Required a. Explain what the acronym SOX refers to. b. Define the acronym COSO and explain how it relates to SOX. c. Name and briefly define the five components of COSOs internal control framework....
-
Name and briefly define the five components of COSOs internal control framework.
-
Dixie Irwin is the department manager for Religious Books, a manufacturer of religious books that are sold through Internet companies. Irwins bonus is based on reducing production costs. Irwin has...
-
Let G be a directed graph on n vertices. If the associated undirected graph for G is Kn, prove that vV[od(v)]2 = vV [id(v)]2.
-
Find the directional derivative of the given function at the given point in the indicated direction. (-2, 3), 6i + 8j f(x, y) = x+y D(-2, 3) = eBook Submit Answer [-/1 Points] DETAILS ZILLENGMATH7...
-
What are the major differences between the attestation standards and the generally accepted auditing standards?
-
Stine Manufacturing uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,980 and two jobs in process: Job No. 429 $2,590 and Job No. 430 $1,390. During...
-
Splish Brothers Company reports the following costs and expenses in May. Factory utilities $14,500 Direct labor $65,080 Depreciation on factory equipment 11,870 Sales salaries 43,420 Depreciation on...
-
Why is the control environment the foundation of internal control?
-
Cook, CPA, has been engaged to audit the financial statements of General Department Stores, Inc., a continuing audit client, which is a chain of medium-sized retail stores. General's fiscal year will...
-
The system of Prob. 3/166 is repeated here. The system is released from rest at position x = 0 with the cable taut at time t = 0, with the 10-kg block moving down the rough incline with a speed of...
-
Evaluate logistics as a supply chain component, including how to measure performance, and key strategies to improve effectiveness. Chose one of the following subjects to address in this week's...
-
1. 2. 3. 4. The county borrows $20,000 to acquire equipment with a useful life of 10 years and no anticipated salvage value. We will repay $5,000 of the principal of the debt at the end of each of...
-
create a mind map of how the various tyles of methods of calculating concentration. Include an example problem with solution and a practical situation in which is method may be required
-
2 A sporting goods manufacturer requires yd of fabric 3 10 yd of material will make (Simplify your answer.) soccer shorts. to make a pair of soccer shorts. How many shorts can be made from 10 yd of...
-
After watching the video answer the following questions. 1. Do you believe that work-life balance can be achieved? Please justify your answer. 2. What are some things which detract from the quality...
-
There is a difference of 4.6 ppm in the 1H chemical shifts of CHCl3 and CH3CCl3. What is the chemical shift for the protons in CH3CCl3? Explain your reasoning
-
Give codons for the following amino acids: (a) Th (b) Asp (c) Thr
-
Working capital cash flow. Cool Water, Inc. sells bottled water. The firm keeps in inventory plastic bottles at 11% of the monthly projected sales. These plastic bottles cost $0.006 each. The monthly...
-
What is STP(Segmentation Target market Positioning) profile for Tiffin service business ?
-
If you want to explore whether a curve-linear relationship exists between the time a person spends on online shopping (TIME, independent variable) and the level of enjoyment the person obtains from...
Study smarter with the SolutionInn App