The framework could be used by management in its internal control assessment under requirements of SOX is the COSO internal framework.
The COSO Framework is a device used to establish internal controls to be included into business processes. collectively, these controls provide reasonable warranty that the organization is operating ethically, transparently and according with mounted enterprise requirements.The overarching purpose of a COSO Framework is to enhance and enhance organizational performance and oversight, as well as decreasing the quantity of the hazard of fraud.
The 5 components of COSO: C.R.I.M.E. The five components of COSO – control environment, risk evaluation, records and conversation, monitoring sports, and existing control activities – are often referred to through the acronym C.R.I.M.E.
An internal manipulate framework is a structured manual that organizes and categorizes expected controls or manipulate topics. some businesses layout control frameworks for popular functions just like the COSO internal manipulate framework, whilst others are extra specific consisting of the COBIT IT control framework.
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Answer:
what exactly do you mean by "personal goods"? everything you listed was portrayed back in the days.
Your question is missing the options. I've found the complete question online. It is as follows:
Jeremy sells encyclopedias for a company,visiting each house in a particular neighborhood and convincing the residents to buy the books.
The people at the first few homes asked some questions, and even though he was not able to provide satisfactory answers, Jeremy understood the questions were being asked. To provide satisfactory answers to the next person, what step must Jeremy take?
a. Prepare
b. Rephrase the question
c. Use organizational signposts
d. Stay on message
Answer:
The best answer is letter A. prepare.
Explanation:
This is a simple problem of preparation. Jeremy was perfectly able to understand the questions, but he did not have a satisfactory answer to give. That means he is most likely lacking the necessary knowledge to provide a good answer. Before he begins visiting houses again, Jeremy must prepare. He must ask someone from his company or, in case he has received any, read the material given to him by his employers to find the information the residents need. Also, it would be advisable for him to come up with a list of possible questions and their answers, so that he won't be often taken by surprise when residents come up with different questions.
