Describe five components and principle of the coso framework

Assignment Help Auditing
Reference no: EM131514309

Assignemnt

Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies in 700 to 1,050 words. Address the following:

• Provide a brief history of COSO.

• Describe the five components and 17 principles of the COSO Framework.

• Review your company's "Management's Annual Report on Internal Control over Financial Reporting" and "Report of Independent Registered Public Accounting Firm" (usually found in Section 9A of the Form 10-K) and explain why these reports are necessary.

Reference no: EM131514309

Questions Cloud

Organizational growth and expansion : 1. Consider what resources are available for organizational growth and expansion.
Disguise the objective of a study : Why might a researcher wish to disguise the objective of a study?
External communication strategies : Why are internal and external communication strategies important to an organization's success? What might result if an organization has one but not the other?
Organization effectively communicate change : How might an organization effectively communicate change via the messages communicated by its leadership?
Describe five components and principle of the coso framework : Write paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies. Describe five components and 17 principles of the COSO Framework.
Stages in kotler and keller business buying process : 1: Describe the stages in Kotler and Keller's business buying process.
Make a new marketing plan of monash university : This is your summative assessment. In this assessment, you will learn and develop a marketing plan. make a new marketing plan of Monash University
Business leader research paper : Select a known business leader that you believe demonstrates strong leadership traits and write a research paper on this individual.
Identify whether the factor would be included in calculation : Your task is to identify whether the factor would be included in the calculation for the initial investment, or the operating cash flow, or the terminal value.

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd