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List the general categories of activities

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Question - Charmaine is a senior manager at a public accounting firm. Charmaine was assigned to the audit of Resilience Corp. Upon arriving at the client, Charmaine met with the controller, Brennan, who was a classmate in college, 20 years ago. She had not been in contact with Brennan since college, but they realized that they still had many friends in common. Brennan invited Charmaine to go to the company box to watch a hockey game and catch up.Discuss the issue of independence between Charmaine and Resilience Corp.

The COSO internal control framework consists of five components

A) Describe each of these components.

B) Custody of assets and reconciliation should be separated to contribute to strong internal control. List the general categories of activities that should be separated.

Reference no: EM132979157

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