Business

Introduction In today's increasingly complex business environment, organizations face a wide range of risks including fraud, cyber threats, regulatory compliance failures, operational inefficiencies, and financial misstatements. To manage these risks effectively, companies need a robust system of internal control. One of the most widely recognized frameworks for designing, implementing, and evaluating internal controls is the COSO Framework. Developed by the Committee of Spon

Introduction Risk management has become one of the most critical components of corporate governance in modern organizations. Businesses face increasing operational, financial, regulatory, cybersecurity, and strategic risks that require structured oversight and accountability. One of the most widely adopted frameworks for managing corporate risk is the Three Lines of Defense Model. This model establishes clear responsibilities across different functions within an organization