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COSO ICF C3 Component 2 Control Activities Treasury Borrowings 

12-04-2024 05:42 PM

COSO - Integrated Internal Control Framework

COSO CONTROL COMPONENT: CONTROL ACTIVITIES
COSO CONTROL OBJECTIVE: OPERATIONS - Treasury - Borrowings.
COSO ORGANIZATION LEVEL OF RESPONSIBILITY: BUSINESS UNITS AND ACTIVITY LEVEL

Control Objectives:

  • Ensure that all debts correspond to valid liability of the organization. 
  • Ensure that all debts are accurately recorded in accordance with the terms and conditions. 
  • Ensure that interest is correctly calculated and recorded in the appropriate period. 
  • Ensure that repayment is made in accordance with the terms and complying with loan covenants. 
  • Ensure that all loan repayments are accurately recorded in an appropriate period. 

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COSOICFC3CATreasuryBorrowings.xlsx   28 KB   1 version
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