Rescinded [2017-10-18] - Pay Administration Control Framework Tool
Defines the Pay Administration Control Framework, including control objectives, activities, risks, responsibilities and accountabilities.
Date modified: 2009-09-22
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This or these guideline(s) are replaced by:
- Financial Management of Pay Administration, Guideline on [2017-10-18]
- Financial Management of Pay Administration, Guideline on [2017-10-18]
Long description for image: 17174-02-eng.gif
On the first facet of the COSO Cube, three distinct but overlapping categories of control objectives are identified.
- Operations
- Financial Reporting; and
- Compliance
The second facet of the COSO Cube consists of five control components that provide a framework for describing and analyzing an organization's internal control system. They are:
- Control Environment
- Risk Assessment
- Control Activities
- Information & Communication; and
- Monitoring.
The third facet of the COSO Cube addresses organizational levels of responsibility.