Write a brief about control activities as a component of COSO framework.

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Expert Solution

Control activities are one of the five component of internal control according to COSO framework and these control activities will be including various kinds of policies and procedures in order to help the business manage their activities so that they can design an internal control in order to provide reasonable assurance of the achievement of the objective.

Control activities will be including following things-

A. Following process and policies and procedures

B. Improving securities across the network

C. Conducting application change management

D. Performing activities like outsourcing

E. Planning business continuity and backups

These control activities will be regularly done in order to ensure the effectiveness of systems of internal control will be there, in order to provide reasonable assurance of achievement of objective of the company.

jeff jeffy answered 1 year ago

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