Evaluate critical business applications, technical platforms, network security, databases, Cybersecurity, and IT general computer controls as appropriate.
More Uses of the COSO Internal Control – Integrated Framework Toolkit:
- Ensure your venture oversees audits of third parties.
- Provide support to financial process owners and control activity owners in the deficiency evaluation and remediation process.
- Govern: generally accepted accounting principles.
- Update and track the inventory of control deficiencies and other internal control issues.
- Encourage an environment of teamwork, accountability, and open communication.
- Control: comprehensive procedures are developed and executed to assess existing system of internal control.
- Maintain an awareness of technological changes in the functional areas and operational areas to be audited.