Programming
ITS 831 Cumberlands COSO Framework of Internal Controls Paper

its 831

ITS

Question Description

Can you help me understand this Software Development question?

Research Paper MUST BE ABSTRACT ATLEAST 150 WORDS

The COSO framework of internal controls is practiced within companies around the world. The objectives of the COSO framework are closely related to its five components. For this week’s activity, please discuss these five components of the COSO framework. Be sure to include each components’ impact on each of the COSO framework objectives. What do you feel an auditor would most be concerned with during an IT audit? Lastly, discuss suggestions for integrating COSO framework compliance into a company in which you are familiar.

Your paper should meet the following requirements:

• Be approximately 2-4 pages in length, not including the required cover page and reference page.

• Follow APA6 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.

• Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook. The UC Library is a great place to find resources.

• Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing

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Final Answer

Please find the attached. Let me know if you need any clarification.

Running head: COSO FRAMEWORK OF INTERNAL CONTROL

COSO Framework of Internal Controls
Student’s Name
Institutional Affiliation

1

COSO FRAMEWORK OF INTERNAL CONTROL

2

Abstract
Committee of sponsoring organizations COSO, led by the Treadway commissions, was officially
developed in 1992, to perform accessible evaluations to control the activities within a company
or business environment. The Model has been accepted worldwide by most companies as a
useful measure of internal controls. In a nutshell, the COSO model framework describes inner
power as a particular process effected by the board of directors and entire management that aims
at the provision of reasonable assurances to achieve specific set objectives. The Model further
provides three significant categories of COSO objectives as; (i) effectiveness and efficiency of
the operations, (ii) reliability of the financial reports, and (iii) regulatory compliance with the
existing applicable laws. Companies that have well-set strategies, measures, and plans for
implementing or integrating the COSO model as a tool in managing their internal control often
depict an excellent performance in almost all of their operational aspects. Facebook, for instanc...

nasir0040 (16120)
Rice University

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