COSO-What is it?

Description

[@IRgEEK]

Thanks Shawn. This was great information. I'm one the tech side of things but I was just drafted to go meet with a client on risk management, your info has been a great help as part of my crash course :-) Thanks again for the information!

[@Canal-ey2tk]

Thank you Shawn.

[@okentan]

excellent explanation of the COSO framework

[@mariakanyama8666]

Nice

[@ntcuong01ct1]

Hello friends, I have a few questions: 1 / What is the difference between COSO internal control and ERM ?. 2 / Why and When a company should implement ERM instead of internal control ?.

[@philipwangera383]

COSO is the framework that if implemented well ensures that the Internal Controls are functioning well. Like if you eat a balanced diet it means your body systems are working well. COSO is an example of ERM. ISO 31000 and others exists too

[@peterheine6240]

could you use two examples to explain the interactions between the components of the ICS after the COSO cube.

[@rockyoussef]

thanks a lot!

[@ir0n2541]

You haven't defined "internal controls", which is key to understanding everything else about COSO.

[@tirzocamacho2915]

fish and banana internal control is the supervised process, that is required by directors or personnel, that is adopted by a company, and is composed of the measures and methods that safeguard assets, enhance accuracy of it's accounting process, as well as reduce errors and irregularities.

[@silasme2614]

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