Guidance on Control (Coco) , the Canadian Institute of Chartered Accountants, 1995

Guidance on Control (Coco) , the Canadian Institute of Chartered Accountants, 1995

<p>Guidance on Control (CoCo), The Canadian Institute of Chartered Accountants, 1995.</p><p>Log into Knotia, the CICA online source for more accounting and assurance information than you can imagine! </p><p>This login works anywhere at Doon campus Conestoga. It does not work off campus.</p><p>Finding the information: From the main screen select: </p><p> CICA Standards & Guidance Collection</p><p> o Guidance of the criteria of control board</p><p>. Guidance on Assessing Control</p><p> Part 2: Criteria of Control Principles</p><p> o Exhibit 2 – Copy the 8 principles to a Word document. </p><p>In Principle 5, the CICA Criteria of Control Framework is referred to. Return to:</p><p> o Guidance of the criteria of control board</p><p>. Guidance on Control</p><p> The Criteria</p><p> o Exhibit B – Copy the 20 criteria to the same Word document.</p><p>Critical Thinking:</p><p>Compare the CoCo principles and criteria to the CoSo framework principles in Ex 6-6, p 6-7 of your text. </p><p>Is the overall focus of the frameworks different or similar? Support your answer with 3 -5 examples. </p><p>In your opinion why would Canada and the US adopt different or similar internal control frameworks? Consider broad economic, business, political and societal issues.</p>

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