Question: The COSO framework identifies these five components of internal control: Risk assessment, Control environment, Control activities, Information and communication, Monitoring. Indicate which of the five

  1. The COSO framework identifies these five components of internal control:
  • Risk assessment,
  • Control environment,
  • Control activities,
  • Information and communication,
  • Monitoring.
  1. Indicate which of the five components you believe were flawed at Weatherford and describe the circumstances that indicate that.
  2. If you identified more than one component, which component do you view as the most important? Why?

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