Internal control and various COSO componentsControl environment : general topics/focus on delegations of authority and segregation of duties (external and internal delegations, differnece between power to commit and power to manage, targets, content, forms, conditions of validity, reconciliation with company bylaws, access to IT systems. Some examples of critical activities per activity type)Risk assessement : principles, focus on risk mapping and its methodology , identification criteria of high-risk entities and functionnalities
Control activities : organisation of the procedures, criteria to rank them, how to validate them for shared process, follow up methodology
Business follow up
– Self assessement : definition, organisation, weaknesses
– Third party assessement/ general management audits/