Friday, May 29 2020, 04:03 am
COSO Guidance on Monitoring Internal Control Systems …

COSO Guidance on Monitoring Internal Control Systems …

supporting their assessments of internal control. Figure 1 depicts the comprehensive nature of monitoring and illustrates how effective monitoring considers the collective effectiveness of all five components of internal control. Monitoring Applied to the Internal Control Process . Figure 1 . COSO’s 2008 . Guidance on Monitoring