Risk Assessments and Internal Controls
Reciprocity
SEPTEMBER 12, 2024
One of the most versatile and widely used frameworks for internal control is the one published by COSO, the Committee of Sponsoring Organizations. COSO first published its internal control framework in 1992, followed by a modern-day overhaul in 2013. A system of internal control based on the COSO framework will have five components.
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