Complies with externally established standards and frameworks.Complies with applicable accounting standardsĮxternal Non-Financial Reporting Objectives.(there are more than two sets of objectives but we will focus on financial reporting for the purposes of this post) Principle 6: The organization specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives. ![]() ![]() We now switch gears and after the proper tone at the top, proper people in place with clear accountability, the company moves to establishing the proper Risk Assessment process. The first 5 principles focused on the Control Environment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |