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A Component Numbered Air Force (C-NAF) has the additional role as an Air Force Component Command exercising command and control over air and space forces supporting a Unified Combatant Command. [2] Unlike MAJCOMs, which have a management role, a NAF is a tactical organization with an operational focus, and does not have the same functional ...
Internal control structure is a plan determining how internal control consists of these elements. [3] The concepts of corporate governance also heavily rely on the necessity of internal controls. Internal controls help ensure that processes operate as designed and that risk responses (risk treatments) in risk management are carried out (COSO II ...
The 2004 update to Circular A-123 is a re-examination of the existing internal control requirements for Federal agencies and was initiated in light of the new internal control requirements for publicly traded companies contained in the Sarbanes-Oxley Act of 2002. The circular and the statute it implements, the Federal Managers’ Financial ...
NAF Architecture Viewpoints serve as the baseline for any NAF-Compliant architecture description effort. To aid architects, these viewpoints are organized into a logical and consistent manner and presented as a “grid” similar to that used for the Zachman Framework. This ‘grid’ structure, represents the various ‘subjects of concern ...
Air Force Special Operations Command (AFSOC), headquartered at Hurlburt Field, Florida, is the special operations component of the United States Air Force.An Air Force major command (MAJCOM), AFSOC is also the U.S. Air Force component command to United States Special Operations Command (USSOCOM), a unified combatant command located at MacDill Air Force Base, Florida.
A control environment, also called "Internal control environment", is a term of financial audit, internal audit and Enterprise Risk Management.It means the overall attitude, awareness and actions of directors and management (i.e. "those charged with governance") regarding the internal control system and its importance to the entity.
This first control self-assessment identified several areas for improvement in internal control across the Commission most notably the need to implement a more systematic approach to risk management. The outcome of this first self-assessment was the implementation of the requirement for every Directorate General to perform a control and risk ...
It serves to require the auditor to understand the client's accounting system and internal control system and to assess control risk and inherent risk. The objective is to determine the nature, timing and extent of substantive procedures in order to reduce audit risk to an acceptable low level.