How does coso and the enterprise risk framework govern risk

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Accounting Information Systems are becoming more and more important in any business. Data is becoming too big to handle or Big Data, which leads to more risk management on the part of accountants and more data analysis as well. The Committee of Sponsoring Organizations (COSO) developed an internal control framework in which external auditors now issue an audit opinion on the internal controls and their effectiveness. Auditors are also required to test for fraud. Enterprise Resource Planning is also playing an increasing role in AIS.

Problem 1: How does COSO and the Enterprise Risk Framework govern the risk and use of electronic data? and In what ways is COBIT different?

Reference no: EM132998040

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