Question: Now that you understand the relationship between the COSO framework and SOX internal controls, in you will put it into practice. Your client does not
Now that you understand the relationship between the COSO framework and SOX internal controls, in you will put it into practice.
Your client does not understand why all the compliance steps and processes are necessary. The organization needs your guidance to improve internal controls to be in compliance. Conduct an investigation culminating with a detailed letter to help your client understand and apply the relationship between strategies, risk, and the need for internal control.
Instructions: Assume that the client is a publicly held organization.
Choose what type of business they operate and their industry classification.
Address the following in a letter to your client: o Indication of the type of business and industry classification.
- Explanation of the relationanship between strategies, risk, and the need for internal controls. -Feasible plan to move forward with implementation of a better ERM system.
Cite sources.
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