Monitoring

CoCo, sponsored by the Canadian Institute of Chartered Accountants, is intended to translate COSO into practical, implementable activities and defines three major control objectives:

1. Effectiveness and efficiency of operations
2. Reliability of internal and external reporting
3. Compliance with applicable laws and regulations and internal policies

Within the CoCo framework, control is defined as encompassing:
- Purpose, which defines criteria that promote an understanding of the organization direction. They use techniques such as vision and strategy; risks and opportunities, planning, policy development, and use of performance targets and indicators.

Simple tools for Desktop Auditing: Free PC Audit is a freeware system, hardware and software information tool. It extracts details of all components of the PC, shows installed software with version and product key. Free PC Audit does not require installation and can be used as a portable application. It can be run from a removable storage device such as a CD-ROM drive, USB flash drive, flash card, or floppy disk.