All Internal Control Framework articles
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Blog
COSO appoints new chair, may consider internal control guidance
As new leadership takes the helm at COSO, the board is considering whether it can help sort out ongoing tension over public company internal control reporting.
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Blog
COSO, IAASB form ties to sustainability reporting
Sustainability reporting is breaking new ground in attaching itself to traditional financial reporting after an advocate has formed some new relationships.
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Blog
COSO offers up new ERM framework for review
The Committee of Sponsoring Organizations of the Treadway Commission, or COSO, has unveiled a proposed redraft of its 2004 ERM framework. “We wanted to create a more robust focus on risk in the strategic planning process,” says PwC Partner Dennis Chesley, a lead partner for the revision project. Tammy Whitehouse ...
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Blog
COSO ERM update will seek to elevate risk discussions
Image: When COSO unveils the draft update to its Enterprise Risk Management framework (possibly by late April), it will propose companies take risk considerations to the highest level in an entity’s strategy-setting and decision-making processes. The framework update exercise is expected to advance the idea, says COSO Chairman Robert Hirth, ...
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Blog
Poll Finds Uncertainty on COSO, Revenue Recognition
Up to one-third of companies may not be implementing the new COSO framework for their 2014 financial reporting, and one-fourth don’t know when they will implement the framework.
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Article
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 another year to work on this?”Ever so cautiously, auditors are starting to say: “Sure. Just disclose it.”“People ...