{"id":14695,"date":"2023-04-16T16:58:50","date_gmt":"2023-04-16T16:58:50","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/the-definition-of-internal-control-as-contained-in-cosos-internal-control-integrated-framework-and-the-professional-standard\/"},"modified":"2023-04-16T16:58:50","modified_gmt":"2023-04-16T16:58:50","slug":"the-definition-of-internal-control-as-contained-in-cosos-internal-control-integrated-framework-and-the-professional-standard","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/the-definition-of-internal-control-as-contained-in-cosos-internal-control-integrated-framework-and-the-professional-standard\/","title":{"rendered":"The definition of internal control as contained in COSO\u2019s Internal Control\u2013Integrated Framework and the professional standard"},"content":{"rendered":"<p>Question 1:  The definition of internal control as contained in COSO\u2019s Internal Control\u2013Integrated Framework and the professional standards is quite broad and comprehensive<\/p>\n<div>a. Define internal control and its purpose.\n<\/div>\n<div>b. Explain the major concepts that are included in the definition of internal control. (5 points)\n<\/div>\n<div>c. List the five components of internal control.  (5 points)\n<\/div>\n<div>d. Identify the major limitations of internal control.  (5 points)\n<\/div>\n<div>Question 2:  Discuss how generalized audit software can be used to aid the auditors in examining accounts receivable in an IT-based system<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Question 1: The definition of internal control as contained in COSO\u2019s Internal Control\u2013Integrated Framework and the professional standards is quite broad and comprehensive a. Define internal control and its purpose. b. Explain the major concepts that are included in the definition of internal control. (5 points) c. List the five components of internal control. (5 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[644],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/14695"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=14695"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/14695\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=14695"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=14695"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=14695"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=14695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}