The Committee of Sponsoring Organizations has released a draft of new guidance on monitoring internal controls, considered by many to be a vital—if elusive—part of streamlining Sarbanes-Oxley compliance efforts.
The 40-page document was released last week, and COSO officials are asking the business community to review the draft and provide feedback. The comment period will end Oct. 31, and the final version is scheduled for release during the first quarter of 2008. The draft can be viewed online at http://www.coso.org/publications.htm.
