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-ey2tk7 жыл бұрын
Thank you Shawn.
@okentan6 жыл бұрын
excellent explanation of the COSO framework
@mariakanyama86662 жыл бұрын
Nice
@ntcuong01ct13 жыл бұрын
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 ?.
@philipwangera3833 жыл бұрын
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
@peterheine62404 жыл бұрын
could you use two examples to explain the interactions between the components of the ICS after the COSO cube.
@rockyoussef6 жыл бұрын
thanks a lot!
@ir0n25417 жыл бұрын
You haven't defined "internal controls", which is key to understanding everything else about COSO.
@tirzocamacho29156 жыл бұрын
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.