Internal controls

[Moon]

<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by iahmad</i>
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COSO Internal Control ¡V Integrated Framework defines internal control as a ¡§Process¡¨ to achieve the following objectives

„« Effectiveness and efficiency of operations;
„« Reliability of financial reporting;
„« Compliance with applicable laws and regulations;


<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

can we say that these are the factors or benchmarks against which the internal controls can be tested?

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