ACCT644 DB 2.docx - Name Here ACCT644-1901A-01 Unit 3 \u2013 Discussion Board Internal Control and Business Information The Treadway Commission or

ACCT644 DB 2.docx - Name Here ACCT644-1901A-01 Unit 3...

This preview shows page 1 - 2 out of 2 pages.

Name Here ACCT644-1901A-01 Unit 3 – Discussion Board January 17, 2019 Internal Control and Business Information The Treadway Commission or Committee of Sponsoring Organizations (COSO) was established in 1985 to assist the National Commission on Fraudulent Financial Reporting which studied what leads to fraudulent financial reporting. COSO’s goal is to provide thought leadership dealing with three interrelated subjects: enterprise risk management (ERM), internal control, and fraud deterrence (About Us, n.d.). The COSO model defines internal control as “a process, effected by an entity’s board of directors, management and other personnel, designed to provide reasonable assurance of the achievement of objectives in the following categories: Effectiveness and efficiency of operations Reliability of financial reporting Compliance with applicable laws and regulations”

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture