What are the five components of internal control in the coso

Reference no: EM132784083

Problem 1: List and briefly explain the three factors that need to be present for fraud (these factors are known as the fraud triangle). What does the auditor need to do if they find evidence of fraud?

Problem 2: What are the five components of internal control in the COSO internal control framework? Provide an example of a control for each component.

Problem 3: What are control activities? Explain their role in the financial reporting process.

Reference no: EM132784083

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