New Mexico State University COSO Internal Control Framework and Management Discussion.
In every integrated audit, the auditor is tasked with understanding the internal control environment and assessing that environment as it relates to management assertions. This assessment process is performed throughout all stages of the audit.
Complete the following for this assignment:
- Discuss the Committee of Sponsoring Organizations of the Treadway Commission (COSO) internal control framework and financial management assertions.
- How are the COSO internal control framework and management assertions related?
- Why is conducting this process important?
Deliverable Length: 500-700 words
Apply critical thinking and relevant concepts to the final project
Demonstrate the integration and utilization of key concepts and knowledge from prior courses to solve the selected problem
Prepare a formal technical report of the in-depth research and application of prior course concepts
Research current trends and utilize program concepts to support the project solution