ACC 667 TOPIC 6 DQ 2

Discuss the five components of the COSO Framework for Internal Controls and explain why each of these components is important. It is recommended you refer to the full version of the COSO framework updated in 2013 instead of the summary provided in the textbook, the website link for the COSO is: www.coso.org/Pages/ic.aspx. Solid academic writing is expected, and any sources used should be cited. In your response, provide different explanations than your classmates as to why the five COSO Famework components are important. Note: The 2013 version of the COSO Framework is the most recent version, as this is not updated annually.