COSO Internal Control Framework

The COSO Internal Control Framework is a comprehensive guide for organizations to improve their internal controls and risk management. It consists of five key components: control environment, risk assessment, control activities, information and communication, and monitoring activities. Together, these elements help organizations ensure reliable financial reporting, compliance with laws, and effective operations. By implementing this framework, companies can better manage risks, achieve their goals, and maintain integrity in their processes, ultimately fostering accountability and trust among stakeholders.