RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL - MODEL COSO

OUR SERVICES : Introducing the RIS and Internal Control System - the COSO model

The Committee of Sponsors of the Treadway Commission (COSO) has developed a risk management and internal control model, in comparison with which the Company can evaluate its own management systems. The COSO model defines internal control as a process that will be carried out by the board of directors, top managers and other personnel of the Company to provide "reasonable confidence" in achieving goals in the following categories: efficiency and performance of operations, reliability of financial reporting, compliance with laws and regulations.

The COSO model contains the following components:

internal environment
goal setting (objective setting)
event identification
risk assessment (risk assessment)
risk response
control activities
information and communication
monitoring (monitoring)

FINANCIAL DIAGNOSTICS FINANCIAL MODEL OF MARKET VALUE VEHICLE FINANCIAL MATHEMATICS FINANCIAL MODEL BUDGETING INVESTMENT PROJECTS MANAGEMENT SYSTEM FOR BUSINESS DEVELOPMENT SYSTEM OF MANAGEMENT BY WORKING CAPITAL RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL - MODEL COSO