Suggestions for integrating coso framework running

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Suggestions for Integrating COSO Framework
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Running head: COSO FRAMEWORK 5 The company should develop strategies and approaches to prevent and detect criminal conduct. The COSO framework principle is to demonstrate a commitment to ensuring efficiency. The organization also needs to establish values and to improve the standards of management. The stakeholders should demonstrate self-governance and control of the organization. The company should be responsible for ensuring that the program is followed by accessing criminal conduct (Kral 2017). Another suggestion is that minimum guidelines should be put to publicize a system whereby the organizations and stakeholders should announce and get directions which concern criminal conduct without any anxiety. After detecting criminal behavior, the company should take steps to respond appropriately. This involves disciplinary action after the fraud is identified. Arguably, COSO framework principles play a significant role in addressing ethical deviations promptly. In the final analysis, the COSO framework engages in the control of activities in the company through leadership, decision making, and culture that emphasizes accountability. The COSO framework components emphasize various risks that face the company and are assessed at all levels and within all functions in the organization. To control the activities and other mechanisms in the organization, the objectives are established through channels in the company. In conclusion, the COSO framework has components that are crucial in ensuring an effective internal control system.
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Running head: COSO FRAMEWORK 6 References Fourie, H. (2013). The Impacts of COSO control components on internal control effectiveness. Components of COSO framework , 10-14. Jones, A. (2016). COSO framework components. COSO framework , 20-35. Kral, R. (2017). components of the COSO framework. COSO framework , 33-45.
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