Relationship of the Five Internal Control Components

question 103

Essay

Relationship of the five internal control components.
The five components of the COSO internal control system are conceptually and logically integrated. List the five components of the model and describe how they are integrated with each other in the internal control process.

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Definitions:

Classified Department

A section within an organization or publication dealing with classified advertisements or information.

Telephone Calls

Communication attempts made using the telephone system.

Probability

The assessment of the probability that a specific event will happen.

Bertrand

Refers likely to Claude Bertrand, a figure associated with the development of techniques or theories in a specific context; without more context, it's hard to provide a detailed definition.