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Can you explain the importance of control environment?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/03/26
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراحعة حسابات , الجهاز المركزى للمحاسبات

Control environment is the set of standards, processes and structure that provide the basis of carrying out internal control across the organization. _The COSO framework covers 3 categ _We should establish the tone at the top regarding the importance of internal control including expected standards of conduct. _The COSO framework covers 3 categories of objectives which include the operating, Reporting and compliance Objectives of any entity. _The control environment comprises the integrity and ethical values of the organization.

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