Question: liscuss, plan, and implemenithe company's control system, you agree to write a report that highlights ome of the key principles and procedures involved in this
liscuss, plan, and implemenithe company's control system, you agree to write a report that highlights ome of the key principles and procedures involved in this undertaking.
Tasks
Review information about the following frameworks or standards introduced in the textbook: COSO, COBIT, SOC, ISO, and NIST. Consider how you may use some or all of these frameworksstandards to guide the creation of an internal control system at S&H Aquariums. Note the similarities or overlaps among each set of frameworksstandards as well as the differences.
Using the Internet resources listed for this project, examine the specifics of the COSO framework, which outlines five components of internal control and principles.
Create a table or other visual aid to map the principles of COSO to the primary PCI DSS requirements. Use your table or visual aid to assess how specific elements of COSO and PCI DSS correspond with one another, as this will inform forthcoming decisions about which controls S&H Aquariums should implement.
Write a report for the board of directors. Include the following:
Introduction
Plan for Developing an Integrated Internal Control System
Explain how and why you will use multiple frameworks and standards to guide your development of this control system.
Explain how you will ensure the control system can be used to demonstrate PCI DSS and other forms of compliance.
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