Name

COSO Internal Control Framework (C5) Monitoring Control Activities - Research & Development - Regulatory-matters - September 2016

Description

COSO - Integrated Internal Control Framework
COSO CONTROL COMPONENT: MONITORING CONTROL ACTIVITIES
COSO PRINCIPLE NO. 16 & 17
COSO CONTROL OBJECTIVE: R&D Regulatory matters.
COSO ORGANIZATION LEVEL OF RESPONSIBILITY: BUSINESS UNITS AND ACTIVITY LEVEL

Carry out the monitoring activities on internal controls implemented in the organization as per listed below procedures and prepare an evaluation of internal controls and communicate the deficiencies identified during the evaluation of internal controls. you can prepare an Internal Audit report for communicating the internal control deficiencies identified.

Objective:

1) Ensure that all projects are in compliance with applicable legal, regulatory, grant funding, health, safety and other regulations.
2) Ensure that proper protection from others' involvement in relation to research activity, theories, specification, drawings, technologies, and products.

C5. Control activities should be designed as an integral part of the organization, taking into consideration its objectives, the risks to their achievement, and the inter-relatedness of the control elements.

Standard (Non-IT) Audit Program

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