Control environment is the foundation for all other components of internal control, providing discipline and structure. It is sometimes referred to as the “tone at the top” of the organization, meaning the integrity, ethical values, and competence of the entity’s people; management’s philosophy and operating style; the way management assigns authority and responsibility and organizes and develops its people; and the attention and direction provided by the board of directors.
What is control environment?
Published on 2018-05-11