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Internal control—a question of integrity, ethics, and competence
Author(s) -
Steinberg Richard M.,
Faulk Robert J.
Publication year - 1991
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970020402
Subject(s) - commission , competence (human resources) , business , control (management) , internal control , accounting , public relations , political science , management , economics , audit , finance
As an outgrowth of a Treadway Commission recommendation, the Commission's sponsoring organizations initiated a study to provide a common definition of internal control that public companies can use to judge the effectiveness of their internal control systems. This article provides a brief overview of the study's resulting internal control framework, focusing principally on one particular component—the competence, integrity,and ethical values of a company's people.