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The Committee of Sponsoring Organisations (COSO)of the Treadway Commission Has

question 21

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The Committee of Sponsoring Organisations (COSO)of the Treadway Commission has produced guidance for designing and implementing effective internal controls.The 2013 framework is expected to help organisations adapt their internal control to changing business conditions.Another recent COSO publication provides guidance for organisations using cloud computing to meet their technology needs.Explain the various aspects of this guidance and critically evaluate its impact at enhancing internal controls within companies using cloud computing.


Definitions:

Goal Of Description

The primary purpose or intent behind describing a process, condition, concept, or object, often aimed at providing clarity, understanding, or instruction.

Scientific Method

A systematic, organized series of steps that helps in understanding phenomena, acquiring new knowledge, or correcting and integrating previous knowledge.

Third Force

A psychological perspective that focuses on humanistic, existential, and gestalt views of personality, emphasizing personal growth and self-actualization.

Humanism

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively, often prioritizing human welfare and freedoms.

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