Which of the following is the most effective way any organization can ensure proper governance over its internal controls?
Which of the following is the most effective way any organization can ensure proper governance over its internal controls?
The most effective way for any organization to ensure proper governance over its internal controls is by introducing the universally accepted COSO internal control framework. COSO (Committee of Sponsoring Organizations of the Treadway Commission) provides a comprehensive framework that is recognized globally for designing, implementing, and conducting internal control and assessing its effectiveness. By adopting the COSO framework, an organization can systematically manage risks, ensure compliance, and enhance the reliability of financial reporting.
Why not B