Read the executive summary of Internal Control – Integrated Framework by the Committee
of Sponsoring Organizations (COSO) of the Treadway Commission and
summarize its main points. Critique and evaluate The Schwan Food Company’s initial
efforts to implement their internal audit function using the five internal control components
as a rubric. How well were each of these five internal control components initially
established? Assign scores from 0 (worst) to 5 (best) for each component. Ask students to
compare and justify their scores