Question: Discuss (explain) the 5 components of the internal control framework: Control environment Risk assessment Control activities Information and communication Monitoring Which component do you feel

Discuss (explain) the 5 components of the internal control framework:

Control environment
Risk assessment
Control activities
Information and communication
Monitoring

Which component do you feel is the most important for an accountant (not an auditor)? Please add references if you use -

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The internal control framework as outlined by the Committee of Sponsoring Organizations of the Treadway Commission COSO consists of five interrelated components that are essential for effective intern... View full answer

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