SOC 2 Academy: Integration with the COSO Framework
The Five Components of Internal Control: CRIME The COSO Internal Control — Integrated Framework is one of the most common models used to design, implement, maintain, and evaluate internal controls and is split into five components: control environment, risk assessment, information and communication, monitoring activities, and existing control activities. A common way to remember these five components that are used to evaluate the effectiveness of internal controls is the acronym…