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Adopting the 2013 COSO framework: fiscal 2015 update

Audit Analytics | June 1, 2016

Last year, together with Protiviti, Audit Analytics reviewed the progress of public companies in adopting  the 2013 COSO Internal Control -- Integrated Framework.

Data gathered from fiscal 2015 annual reports show that the implementation of the COSO framework for audited internal control over financial reporting is almost complete: 96 percent of companies reviewed used the 2013 Framework, in comparison to 82 percent for fiscal 2014.

Only a small portion of companies obtaining an auditor’s assessment of internal control continued to use the now superseded 1992 framework or did not disclose which framework they...

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