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Report: Majority Adopt New COSO Framework

Tammy Whitehouse | April 13, 2015

With more than 3,000 filings collected through early April, three-fourths have disclosed that they have adopted the 2013 COSO internal control framework, with the rest either remaining on the 1992 framework or not disclosing what framework they followed.

Based on an ongoing, unpublished analysis of filings through April 3 by consulting firm Protiviti, 2,318 public companies disclosed they have adopted the Internal Control -- Integrated Framework as updated by the Committee of Sponsoring Organizations in 2013. Another 513 companies disclosed they did not adopt the 2013 framework but continued to follow the 20-year-old framework that COSO officially put to rest on Dec. 15, 2014. Protiviti says 201 filings did not contain a disclosure that...

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