COSO framework and internal control:
Search online topic/resources related to COSO framework, write a brief explanation and understanding in your own words:
1) what is COSO
2) what are five components of the COSO framework
3) how they function together for an effective internal control
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The COSO framework divides internal control objectives into three categories: operations, reporting and compliance. Operations objectives, such as performance goals and securing the organization's assets against fraud, focus on the effectiveness and efficiency of your business operations.
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