The COSO framework of internal controls is practiced within companies around the world. The objectives of the COSO framework are closely related to its five components. For this week’s activity, please discuss these five components of the COSO framework. Be sure to include each components’ impact on each of the COSO framework objectives. What do you feel an auditor would most be concerned with during an IT audit? Lastly, discuss suggestions for integrating COSO framework compliance into a company in which you are familiar.
Your paper should meet the following requirements:
- Be approximately 2-4 pages in length, not including the required cover page and reference page.
- Follow APA7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.
- Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook. The UC Library is a great place to find resources.
- Be clearly and well-written, concise, and logical, using excellent grammar and style techniques.