Auditing

Primary Task Response:Within the Discussion Board area, write 300–400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Library Research Project

You have learned that the internal control framework for most U.S. companies is the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control — Integrated Framework, which was issued in 1992.

Using the Library and other research tools, complete the following:

  • Identify the Treadway Commission and discuss its origin, history, and purpose.
  • List the 5 components of internal control as defined by COSO.
  • Discuss at least 2–3 elements that are included in each component as it relates to Bovar Company.

Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

  • What did you learn from your classmate’s posting?
  • What additional questions do you have after reading the posting?
  • What clarification do you need regarding the posting?
  • What differences or similarities do you see between your posting and other classmates’ postings?

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