[Steve]

So theres 5 components for Cosos Internal control and ERM.
I was always wondering do you have to memorize them in order like Environment-Assessment-Activity-Info-Monitoring? Or are they just 5 different things without any chronological order?
What about governance-stategy-performance-review-information,reporting?
And if they are all in order why is monitoring the last stage whereas in ERM information, reporting is the last one when they share the same traits in the last two stages?

[monikernc]

Read the free executive summaries Enterprise Risk and Internal Control
https://www.coso.org/Pages/default.aspx

AUD - 93
BEC - 82
FAR - 76
REG - 88

How have you been?
Ninja book and MCQs and the forum, all first try! 2016
Licensed State of Montana April Fool’s Day 2020
State of Colorado June 2020 - AICPA Ethics 93
Experience was the worst part of the journey for me. You?
If you want things to change you have to do something different.

[Author]

Posts