Answer to Question #79017 in Finance for Owen Marsden

Question #79017
What are the key components of internal control?
1
Expert's answer
2018-07-21T12:26:08-0400
In an “effective” internal control system, the following five components work to support the achievement of an entity’s mission, strategies and related business objectives.
1. Control Environment
2. Risk Assessment
3. Control Activities
4. Information and Communication
5. Monitoring
Source:
https://info.knowledgeleader.com/bid/161685/what-are-the-five-components-of-the-coso-framework

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