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.
Use the following format:
Definitions:
Individualism
A social theory favoring freedom of action for individuals over collective or state control.
Personal Goals
Are the objectives or ambitions that an individual aims to achieve, which can be short-term or long-term.
External Attribution
An explanation for behavior focusing on the surrounding situation.
External Attribution
The process of attributing the cause of one's own or others' behavior to external factors or the situation rather than to internal characteristics.
Q3: A stipulation in an agreement between an
Q17: The audit committee should meet in separate
Q20: The audit committee is responsible for ensuring
Q28: Auditor's response to fraud risk factors<br>The auditor
Q33: Testing internal control for effectiveness is done
Q52: Materiality provides reasonable assurance that material misstatements
Q57: Auditors have similar responsibilities to identified,foreseen and
Q59: Critical Criteria in Assessing Severity of Internal
Q76: In sample selection,systematic selection deals with<br>A)each item
Q78: The Jaillet v.Cashman gives indication to which