334 Risk Assurance and Reporting Ta b L E 31.1 Organization Definitions of internal control Definition of internal control Internal control is all the elements of an organization that, taken together, support people in the achievement of the organization's objectives. The elements include resources, systems, processes, culture, structure and tasks. A process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories: CoCo (Criteria of Control) COSO effectiveness and efficiency of operations; reliability of financial reporting; compliance with applicable laws and regulations. IIA A set of processes, functions, activities, sub-