In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) developed a model for evaluating internal controls. This model has been adopted as the generally accepted framework for internal control and is widely recognized as the definitive standard against which organizations measure the effectiveness of their systems of internal control.
KnowledgeLeader was excited to have our first webinar with Audit Analytics last week! David Falcucci presented on their latest report: SOX 404 Disclosures—A Twelve Year Review. We had a lot of interest in this topic and a vast number of questions during the webinar to prove it.Read More
COSO, an organization that provides thought leadership and guidance on internal control, enterprise risk management (ERM) and fraud deterrence, released its updated Internal Control–Integrated Framework (New Framework) in May, 2013.Read More
In January 2013, the updated version of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Integrated Internal Control Framework (Framework) went into effect (http://www.ic.coso.org). If you’re wondering what this model is, you probably work for a privately held corporation or a non-profit, or are very new to internal audit.