Chapter 5 a Guide to Determination Audit CAP Overview Form

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today we're taking a look at chapter five in my book audit risk assessment made easy and chapter five has to do with entity level controls now in the next chapter we're going to take a look at the transaction level controls but today we're looking at more general type internal controls they're all important but i find that most auditors tend to focus on the activity level controls and they don't give the entity level controls appropriate attention so if you've ever studied coso there's five components of internal controls in coso and you see those embedded in the audit standards and we're going to look at really the first four of those activity level controls which is the fifth fifth component we'll be looking at in chapter six so what are those five components of internal controls is controlled environment risk assessment monitoring information and communication and then control activities so we're looking at these first four today and let's begin with control environment most of the