Attachments: ACC 491 Week 4 Assignment Internal Control, COSO and SOX.doc [ Preview Here ]
Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies in 700 to 1,050 words. Address the following:
· Provide a brief history of COSO.
· Describe the five components and 17 principles of the COSO Framework.
· Review your company's "Management's Annual Report on Internal Control over Financial Reporting" and "Report of Independent Registered Public Accounting Firm" (usually found in Section 9A of the Form 10-K) and explain why these reports are necessary.