COSO Framework

Imagine you are the Director of Internal Audit and the Chairman of the Audit Committee asks you to prepare a report for the Board of Directors explaining the 2012 COSO framework for internal control and the benefits for adopting the framework. *Write a report of approximately 700 to 1,050 words explaining the five interrelated components of internal control. *Describe the benefits for adopting this framework. *Justify why this is the appropriate framework and will encourage integrity and ethical values for the organization.

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