CV

Auditing & Code of Ethics

Ch 3 · Risk Assessment & Internal Control

5 concept points · 2 formulas · 4 exam-critical points.

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Concept
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Formula Sheet
Important Points

🗺️ Chart summary

Internal Control Components (COSO)
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   Control Environment --- tone at top
   Risk Assessment ------- identify risks
   Control Activities ---- policies & procedures
   Info & Communication -- flow of info
   Monitoring ------------ ongoing + separate evals

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