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Question: The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is an institution that five private sector organizations formed in 1985 to combat corporate fraud. The commission came up with five components of the SOCO framework. They are the control environment, control activities, risk assessment, information and communication and monitoring.

Can you describe what the most important requirement in the decision cycle in order to be able to effect control?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92686623

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