As entities of all sizes and types prepare for and face increasing challenges in today’s business environment, frameworks developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) continue to offer foundations that position and support organizations for successful futures. COSO, whose sponsors include the AICPA, is a voluntary private-sector organization dedicated to improving organizational performance and governance through effective internal control, enterprise risk management, and fraud deterrence.
The updated COSO 2013 Integrated Control Framework
An important