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  • COSO Framework 7 Pillar

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    Eddo Latievarya
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    The document outlines the key principles and implementation strategies for internal controls at a company. It discusses establishing a commitment to integrity, board oversight, clear structures and accountability. It also covers assessing and managing risks, selecting control activities to mitigate risks, using relevant information for communication, and performing ongoing monitoring and evaluation of controls. The implementation strategies focus on leveraging existing compliance functions, developing procedures, conducting audits and reviews, and communicating policies to employees.

    Исходное описание:

    detail description of COSO Framework 7 Pillar for reference

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    The document outlines the key principles and implementation strategies for internal controls at a company. It discusses establishing a commitment to integrity, board oversight, clear structures and accountability. It also covers assessing and managing risks, selecting control activities to mitigate risks, using relevant information for communication, and performing ongoing monitoring and evaluation of controls. The implementation strategies focus on leveraging existing compliance functions, developing procedures, conducting audits and reviews, and communicating policies to employees.

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    © All Rights Reserved
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    Отметить как неприемлемый контент
    49 просмотров1 страница

    COSO Framework 7 Pillar

    Загружено:

    Eddo Latievarya
    The document outlines the key principles and implementation strategies for internal controls at a company. It discusses establishing a commitment to integrity, board oversight, clear structures and accountability. It also covers assessing and managing risks, selecting control activities to mitigate risks, using relevant information for communication, and performing ongoing monitoring and evaluation of controls. The implementation strategies focus on leveraging existing compliance functions, developing procedures, conducting audits and reviews, and communicating policies to employees.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате DOCX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 1

    Control Component Principles Implementation

    1. Demonstrate commitment to integrity  Implementation SGH Code


    and ethical values of Conduct
    2. Ensure that board exercises  Leverage Compliance
    oversight responsibility Function
    3. Establish structures, reporting lines,  Continous development &
    Control environment authorities and responsibilities training to increase
    4. Demonstrate commitment to a competency
    competent workforce
    5. Hold people accountable

    1. Specify appropriate objectives  Assessment & Audit


    2. Identify and analyze risks Activity to identify risk
    3. Evaluate fraud risks occuring at business unit
    Risk assessment 4. Identify and analyze changes that  Timely Risk escalation &
    could significantly affect internal Robust CAPA monitoring
    controls

    1. Select and develop control activities  Ensure system &


    that mitigate risks procedure Implementation
    2. Select and develop technology at SGH company
    Control activities controls  Development of procedure
    3. Deploy control activities through categorized as medium &
    policies and procedures high risk

    1. Use relevant, quality information to  Clear communication &


    support the internal control function socialization to all
    2. Communicate internal control employees on new
    Information and information internally procedure
    communication 3. Communicate internal control  Utiliization of Webportal to
    information externally store SGH procedure &
    accesible by all employees

    1. Perform ongoing or periodic  Conduct Risk Based audit


    evaluations of internal controls (or a activity & Compliance
    combination of the two) monitoring
    Monitoring 2. Communicate internal control  Conduct management
    deficiencies review on monthly basis

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