COSO – INTERNAL CONTROL FRAMEWORK * Internal control structure * Auditor’s assessment of risk * The planning of audit procedures
COSO – INTERNAL CONTROL FRAMEWORK * Internal control structure * Auditor’s assessment of risk * The planning of audit procedures

RISK ASSESSMENT
RISK ASSESSMENT
CONTROL ACTIVITIES
CONTROL ACTIVITIES
MONITORING
MONITORING
CONTROL ENVIRONMENT
CONTROL ENVIRONMENT
INFORMATION & COMMUNICATION
INFORMATION & COMMUNICATION

* Role of the BOD and senior management * Integrity and ethical values of management * Management policies and philosophy * Organizational structure * Policies and practices managing human resources * Performance evaluation measures * External influences

* Role of the BOD and senior management * Integrity and ethical values of management * Management policies and philosophy * Organizational structure * Policies and practices managing human resources * Performance evaluation measures * External influences

* Policies and procedures to ensure that the appropriate actions are taken in response to identified risks * IT Controls (computer environment) * Physical Controls (human activities) * Policies and procedures to ensure that the appropriate actions are taken in response to identified risks * IT Controls (computer environment) * Physical Controls (human activities) * A process that access the quality of internal control performance over time * Separate procedures * Ongoing monitoring * A process that access the quality of internal control performance over time * Separate procedures * Ongoing monitoring * Identifies and records all valid transactions * Provide timely information in appropriate detail to permit proper classification and financial reporting * Accurately