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COSO issues new fraud risk management guide

Tammy Whitehouse | September 28, 2016

The author of the most widely accepted framework for internal control over financial reporting in the United States has released a new guide meant to help companies better establish fraud risk management practices.

COSO, or the Committee of Sponsoring Organizations of the Treadway Commission, has published a guide that is intended to do more than just provide a road map to a fraud risk assessment. It gives suggestions on how to establish fraud risk governance policies, how to design and deploy controls to prevent and detect fraud, how to conduct an internal investigation, and how to monitor and evaluate a complete fraud risk management program. It is an update to a 2008 guide on managing fraud risk published by the American Institute of Certified Public Accountants, the...

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