1. How to Iimplement Internal Controls as a CEO
The COSO model is widely recognized as the industry standard against which organizations measure the effectiveness of their systems of internal control. ... The other fundamental elements of risk assessment, control procedures and monitoring are the building blocks that create, implement and review the policies and procedures that constitute a system of internal controls. ... Factors Affecting Risk Assessment The design of internal controls to fit an organization's needs begins with a risk assessment process. Risk assessment is the identification of factors or conditions that threaten the...
- Word Count: 3674
- Approx Pages: 15
- Has Bibliography
- Grade Level: Undergraduate