Auditing

Keep up to date on the most recent audit-related developments

Present and functioning: Fine-tuning your ICFR using the COSO update

11/7/14 | Risk Assurance

With the COSO’s 1992 Control Framework being superseded by the 2013 updated edition on December 15, 2014, now is the time for companies to use the updated framework to evaluate the effectiveness of their systems of internal control over financial reporting. This paper talks through the updated framework and these competencies to evaluate the effectiveness of companies’ systems of internal control over financial reporting.