Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies in 700 to 1,050 words. Address the following:
- Provide a brief history of COSO.
- Describe the five components and 17 principles of the COSO Framework.
- Review your companys Managements Annual Report on Internal Control over Financial Reporting and Report of Independent Registered Public Accounting Firm (usually found in Section 9A of the Form 10-K) and explain why these reports are necessary.