Question: # COSO Principle Commitment to integrity and ethical values Commitment to integrity and ethical values Commitment to integrity and ethical values Management's competence Control Objective

# COSO Principle

Commitment to integrity and ethical values

Management's competence

Control Objective

Audit Observations

Existence

Employees are intimidated by the CEO's harsh behavior and are unwilling to question his authority.

Compensation in the form of bonuses for executives and managers is dependent on following the CEO's directives to improve the financial performance of the company.

Medicare has filed a lawsuit against the company for falsifying records. Management ignored these violations until details of the lawsuit became public. There was no identification or mention of potential losses in prior management and audit reports.

Top management employees are competent to perform their roles due to prior experience and professional qualifications. There is no reason to suspect that management is

# COSO Principle Commitment to integrity and ethical values Commitment to

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