COSO is an organization dedicated to providing thought leadership and guidance on internal control, enterprise risk management and fraud deterrence.
Videos: Compliance and the new COSO Framework
PwC - 3/20/15
Hear PwC and corporate professionals discuss the intersection of COSO and Compliance including potential material impact, aligning fraud risk with ERM, setting a principles-based compliance program and more.
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 white paper explains how to leverage COSO framework across three lines of defense
COSO - 07/07/2015
This new COSO white paper advocates applying the Three Lines of Defense model for clearly defining responsibilities for three aspects of risk: risk ownership, risk monitoring, and risk assurance. Functions that own and manage risks are the first line. Various risk control and compliance functions that monitor risks are the second line. Internal audit, which provides independent assurance on the effectiveness of control and compliance functions, is the third line.
COSO Names Advisory Group for ERM-Integrated Framework Update
COSO - 02/09/2015
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced the appointed group of advisors and observers for the project to review and update the 2004 Enterprise Risk Management–Integrated Framework (Framework). The group is made up of representatives from leading professional service, technological, legal, academic and public organizations.
COSO report offers guidance on using Frameworks to assess cyber risks
COSO - 01/14/2015
COSO has published a new thought leadership paper titled COSO in the Cyber Age to provide direction on how the Internal Control-Integrated Framework (2013) and the Enterprise Risk Management-Integrated Framework (2004) can help organizations effectively and efficiently evaluate and manage cyber risks.
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.