Internal Control Principles One of the COSO Principles of Internal

question 59

Essay

Internal Control Principles One of the COSO principles of internal control requires organizations to demonstrate a commitment to attract,develop,and retain competent individuals in alignment with objectives.Discuss how this can be done.

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Definitions:

Industrial Society

A society characterized by a reliance on mechanized labor to create material goods, often associated with a significant shift from agricultural to industrial economies.

Normative Question

A question that addresses what ought to be, focusing on subjective judgments or prescriptions about economic policies.

Normative Statement

A statement expressing a value judgment about what ought to be, rather than stating objective facts or describing what currently exists.

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned over time, used in schools and universities.