Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt

Exercise 5

The Committee of Sponsoring Organizations of the Treadway Commission (widely known as COSO) revised its Internal Control - Integrated Framework to update its guidance to reflect a number of advancements in best practices, including those related to information technologies. Visit COSO's website (www.coso.org) to obtain a copy of the Executive Summary of the Internal Control - Integrated Framework. Review that summary to answer the following questions:
[a] Which component of internal control contains a principle(s) related to the board of directors
[b] Summarize the primary responsibilities related to board of director oversight noted in the COSO summary.