Compliance executives and internal auditors are one step closer to getting valuable and eagerly anticipated guidance on monitoring internal controls, one of the most misunderstood dimensions of an effective internal controls system.
COSO, the Committee of Sponsoring Organizations, finally released an exposure draft of its proposed monitoring guidance on June 4. The draft is open for public comment until Aug. 15, and COSO hopes to have a final document in the hands of corporate controllers and compliance officers by the end of this year.
