JournalofAccountancy

Align your controls with COSO’s principles

A mapping exercise is one of the most important activities for any organization implementing the updated 2013 internal control framework of the Committee of Sponsoring Organizations of the Treadway ...
Smart Business Magazine

How to prepare for implementation of the 2013 COSO internal framework

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently updated the Internal Control-Integrated Framework. The goal is to provide greater clarity and guidance related to ...
JD Supra

Is It OK To Delay Implementation Of The New COSO Framework?

With the original 1992 COSO internal control framework deemed by COSO to be “superseded” as of December 15, 2014, companies are fast approaching the deadline for adoption of the updated 2013 COSO ...
Forbes

A Campbell Soup Ingredient For Financial Reporting Success

In May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released an updated version of its internal control framework (see my previous article “What CFOs Need To Know ...
JD Supra

Whether 1992 Or 2013 Version Of COSO Framework — Disclose In Management’s And Auditor’s Internal Control Reports

Last week, I posted a piece regarding the “squishy” deadline (to borrow the term of art coined by the COSO Chair) for implementation of the new 2013 COSO internal control framework. As you may recall, ...
Accounting Today

COSO Releases Updated Internal Control Framework

The Committee of Sponsoring Organizations of the Treadway Commission issued its long-awaited update to its Internal Control–Integrated Framework and related illustrative documents on Tuesday. COSO ...
Smart Business Magazine

The COSO effect: How the new control framework adds value, not just work for work’s sake

Every business, private and public, has a control structure. Internal controls — often called COSO after the Committee of Sponsoring Organizations that has set the standard for internal controls since ...
Wall Street Journal

The Morning Risk Report: Companies Adopting Updated COSO Framework

Almost three-fourths of the U.S. stock-listed companies that have filed 10Ks with the U.S. Securities and Exchange Commission since Dec. 15, 2014 have transitioned to using the updated COSO 2013 ...
JournalofAccountancy

COSO postpones release of internal control framework until 1Q 2013

After receiving extensive feedback, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced Monday that it expects to delay the release of its updated internal control ...
Compliance Week

Buying Time on COSO’s Internal Control Framework Update

With no explicit regulatory mandate to adopt the recently revised internal control framework by the end of 2014, companies sweating the sunset of the old framework are starting to ask: “Can we take ...
Accounting Today

COSO Explains Transition to New Internal Control Framework

The Committee of Sponsoring Organizations of the Treadway Commission, which provides guidance on internal control, enterprise risk management, and fraud deterrence, has issued a new article to help ...