Process Level Controls ► The COSO framework is also applied at the activity or process level in same manner at entity level. At the process level, eac
{"Image DocumentName": "Process Level Controls", "Image ImageDescription": "The COSO framework is also applied at the activity or process level in same manner at entity level. At the process level, each of the 5 COSO components is considered, though from a practical standpoint it would consist mostly of control activities and monitoring. Control activities are embedded within the process and they provide assurance that that the processes are preventing and detecting errors and irregularities as close as possible to the source and that relevant assertions are being met. Monitoring provides assurance that control activities are being performed as intended. Example \u2013 Bank reconciliation review.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}