The CoCo model In November ’95 a Ca

The CoCo model In November ’95 a Canadian organization proposes a model based on criteria regarding the control committee – CoCo, which defines the internal control as being represented by the organizational structure which includes resources, systems, proceedings, structures, organizational culture and other elements which, together, contribute to the objectives’ realisation. For the first time the internal control is defined as a process, which is realised at all levels and comprises all activities, destined to give top managers a reasonable assurance in the entity’s functioning process. The CoCo definition, given by Canadians, comes to complete the COSO model definition, given by Americans. Hence, in CoCo model conception, the internal control is represented by the organisation resources, proceedings, instruments, tasks, organizational culture and all we can imagine for objectives realisation – objectives which, because of relativity, will be never perfectly fulfilled. The Canadians graphically present those things as a pentagon in which the qualities are mentioned that we must posses, in order for us to manage the activities well.