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COSO Evaluation Form

This document is a control evaluation form for XYZ Audit of XYZ Company. It evaluates the company's internal controls based on the COSO framework across five components: control environment, risk assessment, control activities, information and communication, and monitoring. For each component across four categories of operations effectiveness and efficiency, financial reporting reliability, compliance with laws and regulations, and safeguarding of assets, it provides rating scales from A to F to assess the strength of controls.

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Nanye Rauldiblanco
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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166 views5 pages

COSO Evaluation Form

This document is a control evaluation form for XYZ Audit of XYZ Company. It evaluates the company's internal controls based on the COSO framework across five components: control environment, risk assessment, control activities, information and communication, and monitoring. For each component across four categories of operations effectiveness and efficiency, financial reporting reliability, compliance with laws and regulations, and safeguarding of assets, it provides rating scales from A to F to assess the strength of controls.

Uploaded by

Nanye Rauldiblanco
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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XYZ COMPANY

Control Evaluation Form

Report Title XYZ Audit

COSO OPERATING CATEGORIES

Internal Effectiveness and Reliability of Compliance


Safeguarding of
Control Efficiency of Financial with Laws &
Assets
Component Operations Reporting Regulations

Control Environment

Risk Assessment

Control Activities

Information &
Communication

Monitoring

PRIMARY CONTROL RATINGS INCIDENTAL CONTROL RATINGS


A = No Control Weaknesses a = No Control Weaknesses
B = Controls are Adequate b = Controls are Adequate
C = Control Problems Exist but are not Material c = Control Problems Exist but are not Material
D = Material Opportunities for Improvement d = Material Opportunities for Improvement
F = Persistent or Pervasive Material Weakness f = Persistent or Pervasive Material Weakness

See Opinion and/or Internal Control Comments section for rational for any C/c, D/d or F/f rating
The Student Loan People Control Evaluation Form

Rating: Persistent
Material or
Rating: Rating: Rating: Opportunities Pervasive
Well Satisfactory Satisfactory for Material
Controlled Control Control Improvement Weakness
(A) (B) (C) (D) (F)

OPERATING OPERATING OPERATING OPERATING OPERATING OPERATING


EFFECTIVENESS AND EFFECTIVENESS AND EFFECTIVENESS AND EFFECTIVENESS AND EFFECTIVENESS AND EFFECTIVENESS AND
EFFICIENCY EFFICIENCY EFFICIENCY EFFICIENCY EFFICIENCY EFFICIENCY

Control Environment

Risk Assessment

Control Activities

Information and
Communications

Monitoring
The Student Loan People Control Evaluation Form

Rating: Persistent
Material or
Rating: Rating: Rating: Opportunities Pervasive
Well Satisfactory Satisfactory for Material
Controlled Control Control Improvement Weakness
(A) (B) (C) (D) (F)

RELIABILITY RELIABILITY RELIABILITY RELIABILITY RELIABILITY RELIABILITY


OF FINANCIAL OF FINANCIAL OF FINANCIAL OF FINANCIAL OF FINANCIAL OF FINANCIAL
REPORTING REPORTING REPORTING REPORTING REPORTING REPORTING

Control Environment

Risk Assessment

Control Activities

Information and
Communications

Monitoring
The Student Loan People Control Evaluation Form

Rating: Persistent
Material or
Rating: Rating: Rating: Opportunities Pervasive
Well Satisfactory Satisfactory for Material
Controlled Control Control Improvement Weakness
(A) (B) (C) (D) (F)

COMPLIANCE COMPLIANCE COMPLIANCE COMPLIANCE COMPLIANCE COMPLIANCE


WITH WITH WITH WITH WITH WITH
APPLICABLE APPLICABLE APPLICABLE APPLICABLE APPLICABLE APPLICABLE
LAWS AND LAWS AND LAWS AND LAWS AND LAWS AND LAWS AND
REGULATIONS REGULATIONS REGULATIONS REGULATIONS REGULATIONS REGULATIONS

Control Environment

Risk Assessment

Control Activities

Information and
Communications

Monitoring
The Student Loan People Control Evaluation Form

Rating: Persistent
Material or
Rating: Rating: Rating: Opportunities Pervasive
Well Satisfactory Satisfactory for Material
Controlled Control Control Improvement Weakness
(A) (B) (C) (D) (F)

SAFEGUARDING SAFEGUARDING SAFEGUARDING SAFEGUARDING SAFEGUARDING SAFEGUARDING


OF ASSETS OF ASSETS OF ASSETS OF ASSETS OF ASSETS OF ASSETS

Control Environment

Risk Assessment

Control Activities

Information and
Communications

Monitoring

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