| Summary: | In corporate governance, control activities are of great diversity, depending on the entity, its organizational
culture, organizational structure, number of activities, etc.; they are carried out throughout the organization, at all
hierarchical levels and by all functions. So it can be said that there is no internal control or internal control system
within an entity if there is no hierarchical level or subfunction/operation, control activities to avoid risks at those
levels.
The control environment is part of the institutional culture, influenced by the management style, the value
system acquired by the employees, the people with professional competence and their integrity, the description of
activities and procedures, the organizational structure, the separation of tasks, the IT, etc. and provides the framework
in which the various forms of internal control are carried out. The internal control environment is one of the important
elements that entities need, especially in corporate governance, to organize an effective internal control system.
In this article I will analyze the conceptual framework on the COSO model in corporate governance.
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