7 The COSO framework: control environment
The first internal control component in COSO’s framework is the control environment. Video 2 below covers the following aspects of control environment:
- integrity and ethical values
- management’s philosophy and operating style
- commitment to competence
- the role of the human resources department
- organisational structure
- board of directors and the audit committee
- holding individuals accountable for their responsibilities.
Video 2 Control environment
OpenLearn - Corporate fraud and criminal behaviour
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