700 word discussion: Discuss the five components of the COSO framework.
The COSO framework of internal controls is practiced within companies around the world. The objectives of the COSO framework are closely related to its five components.Please discuss these five components of the COSO framework. Be sure to include each components’ impact on each of the COSO framework objectives. What do you feel an auditor would most be concerned with during an IT audit? Lastly, discuss suggestions for integrating COSO framework compliance into a company in which you are familiar.