Evaluation of Structures Regarding Internal Controls by Way of the COSO Method in a Trading Company

In carrying out internal audit, the selection of methodological tools for evaluation of internal control procedures, used to identify and evaluate key places of exposure to risks in individual areas, is of particular importance. The approved coso method, taking into consideration the wider meaning of control environment, has significantly contributed to integrated evaluation of internal control mechanisms in individual organizations by defining the so-called soft controls. A possible example of internal audit implementation by using the coso method on the example of a trading company is shown in the article. It introduces an example of how to apply the coso method in a given area of internal audit, which can serve as a starting point for further audit programme development in accordance with the COSO method.