The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is an organization dedicated to providing thought leadership and guidance on internal control, enterprise risk management and fraud deterrence.
Video: COSO 2013 - ICFR Transition
PwC - 3/13/14
Highlights how clients can effectively leverage PwC's four-phased approach to transition to the COSO 2013 Framework and utilize the Phase 2 mapping template.
Video: Internal control: COSO update
PwC - 9/17/13
PwC's Stephen Soske, Chuck Harris and Kassie Bauman discuss how companies should address the new COSO framework in their internal control processes.
Dataline: COSO issues the updated Internal Control-Integrated Framework and related illustrative documents
PwC - 5/14/13
On May 14, 2013, COSO published an updated Internal Control-Integrated Framework and related illustrative documents. This Dataline highlights noteworthy updates to the Framework, summarizes the purpose of the illustrative documents, and highlights key considerations for clients.
10Minutes on why the COSO Update deserves your attention
PwC - 5/14/13
COSO has published a PwC-authored update to its framework, the first in over 20 years, which gives you an opportunity to refresh your controls for today's environment.
COSO launches survey to gain input on updating Enterprise Risk Management–Integrated Framework
COSO - 11/5/2014
COSO has launched an online survey designed to collect input on updating the COSO Enterprise Risk Management - Integrated Framework (Framework). Specifically, the objective of the survey is to obtain input on which areas of the Framework require updating and the nature and extent of those updates. COSO is particularly interested in how it might update the original Framework to make it more relevant in an increasingly complex business environment so that organizations worldwide can attain better value from their enterprise risk management programs.
COSO announces project to update Enterprise Risk Management–Integrated Framework
COSO - 10/21/2014
COSO announced a project to review and update the 2004 Enterprise Risk Management–Integrated Framework (Framework). The Framework is a widely accepted framework used by management to enhance an organization’s ability to manage uncertainty and to consider how much risk to accept as it strives to increase stakeholder value. This initiative is intended to (1) enhance the Framework’s content and relevance in an increasingly complex business environment and (2) develop tools to assist management in reporting risk information and in reviewing and assessing the application of enterprise risk management.
COSO issues paper on how COSO Frameworks improve organizational performance and governance
COSO - 2/12/2014
COSO has published a paper titled Improving Organizational Performance and Governance: How the COSO Frameworks Can Help to illustrate how the enterprise risk management (ERM) and internal control frameworks can contribute to enhancing organizational performance and governance for sustainable success and add value to governance strategies and business planning.
COSO Article Discusses Transition to 2013 Internal Control — Integrated Framework for Sarbanes-Oxley Section 404 Compliance
COSO - 6/06/2013
COSO has issued an article aimed at assisting public companies comply with Section 404 of the U.S. Sarbanes-Oxley Act of 2002. The article outlines an example of one approach to transitioning to COSO's 2013 Internal Control–Integrated Framework (Framework) from the original framework published in 1992.
COSO Issues Updated Internal Control-Integrated Framework and Related Illustrative Documents
COSO - 5/14/2013
COSO published its updated Internal Control–Integrated Framework (Framework) and related illustrative documents. Authored by PwC under the direction of the COSO Board, the updated Framework is expected to help organizations design and implement internal control in light of many changes in business and operating environments since the issuance of the original Framework, broaden the application of internal control in addressing operations and reporting objectives, and clarify the requirements for determining what constitutes effective internal control.