3.12

Control Environment

Principle 3 - Establish Structure, Responsibility, and Authority

Attribute 3.12 - The extent of documentation needed to support the design, implementation, and operating effectiveness of the five components of internal control is a matter of judgment for management. Management considers the benefits and costs of documentation for the entity as well as the size, nature, and complexity of the entity and its objectives. Some level of documentation, however, is necessary so that the components of internal control can be designed, implemented, and operating effectively.

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