The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has developed a comprehensive framework for assessing
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Question:
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has developed a comprehensive framework for assessing the quality of a company's internal controls with regard to their financial reportings. This organization is made up of representatives from the AICPA, the IIA, IMA, and other leading authorities in the field.
- Highlight two key principles of the COSO framework (found in your textbook, or click here to follow the link to the Web site). Provide examples as you discuss the framework.
- Describe why both the AICPA Code of Conduct and the COSO Framework are important to auditing.
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 9780134421827
7th Edition
Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt
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