Search
Glossary of Performance & Risk Management terms
Submit an entry
This form does not yet contain any fields.
    Powered by Squarespace

    « Compliance | Main | Computer Controls »
    Saturday
    Dec062008

    Component

    One of five elements of internal control. The internal control components are the control environment, risk assessment, control activities, information and communication, and monitoring.

    Source : COSO Integrated Internal Controls Framework

    There are eight enterprise risk management components: the entity’s internal environment, objective setting, event identification, risk assessment, risk response, control activities, information and communication, and monitoring.

    Source : COSO Integrated Risk Management Framework

    Reader Comments

    There are no comments for this journal entry. To create a new comment, use the form below.
    Member Account Required
    You must have a member account on this website in order to post comments. Log in to your account to enable posting.