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What actions does the Canadian Institute of Chartered Accountants' Criteria of Control define as essential to internal control?
Wiki User
∙ 13y ago
These actions, which contribute to the achievement of the organization's objectives, center around: Effectiveness and efficiency of operations; Reliability of internal and external reporting; Compliance with applicable laws
Wiki User
∙ 13y ago
The Canadian Institute of Chartered Accountants' Criteria of Control defines essential internal control actions as those related to control environment, risk assessment, control activities, information and communication, and monitoring activities. These actions are designed to ensure that an organization's objectives are met effectively and efficiently, financial reporting is reliable, and compliance requirements are adhered to.
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