The Logic Behind COSO’s ERM Framework Update
Even as compliance officers are still digesting the updated COSO framework for internal controls, COSO has set its sights on what’s next: an update to its enterprise risk management framework, likely to arrive sometime in 2016 or so. Why ERM? Why now? Inside, Compliance Week columnist Rick Steinberg walks us ...
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COSO Implementation Gets Gritty
Whether you adopted the new COSO framework for internal control last year or stalled into 2015, a chorus of voices say now is the time for implementation (or even polishing last year’s implementation) once and for all. “This year is the time to adopt,” says KPMG partner David Middendorf. Inside, ...
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News BriefCOSO withdraws draft corporate governance framework due to “shifting” regulations
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has withdrawn its draft corporate governance framework that it released in May, after “extensive feedback” and provisions in the recently passed “One Big Beautiful Bill” caused its authors to reconsider it.
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News BriefCOSO’s draft corporate governance framework provides roadmap to compliant business practices
Corporate governance is, all too often, handed down from generation to generation. Like a well-worn jacket, it works great—until it doesn’t. Typically, it is a crisis that forces companies to reassess their corporate governance framework, as gaps are filled and poor policies rewritten. But it doesn’t have to be that ...