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Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
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Risk Management & Internal Control
Proper risk management and internal control help organizations understand the risks they are exposed to, put controls in place to counter threats, and effectively pursue their objectives. They are therefore an important aspect of an organization’s governance, management, and operations. Professional accountants can and should play a leading role in helping their organizations achieve an integrated, organization-wide approach to risk management and internal control—which ultimately helps create, enhance, and protect stakeholder value. Read More
You are now viewing all "Committee of Sponsoring Organizations of the Treadway Commission (COSO)" resources. View All Risk Management & Internal Control Resources
Assists management, boards of directors, external stakeholders, and others interacting with the entity by providing both understanding of what constitutes a system of internal control and insight into when internal control is being applied effectively.
Paper breaks down each of the three lines and assigns the corresponding framework principles.
Provides direction on how the Internal Control-Integrated Framework (2013) and the Enterprise Risk Management-Integrated Framework (2004) can help organizations effectively and efficiently evaluate and manage cyber risks.
COSO launched an online survey for its current project to review and update the 2004 Enterprise Risk Management – Integrated Framework. The survey seeks input and feedback from interested parties and is designed to capture views and insights regarding the current Framework and to collect suggestions for improvements.
Relates the COSO Enterprise Risk Management and Internal Control Frameworks to an overall business model and describes how the key elements of each framework contribute to an organization’s long-term success.
The 2013 COSO Framework & SOX Compliance—One Approach to an Effective Transition
June 1, 2013 - Institute of Management Accountants, Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Outlines an example of one approach to transitioning to COSO’s 2013 Internal Control–Integrated Framework from the original framework published in 1992.
Demystifying Sustainability Risk: Integrating the Triple Bottom Line into an Enterprise Risk Management Program
May 1, 2013 - Committee of Sponsoring Organizations of the Treadway Commission (COSO), EY
Leverages COSO’s Enterprise Risk Management—Integrated Framework to offer insight on how organizations can develop interrelated strategies and objectives across the enterprise that create a strong context for risk consideration.
- AICPA to Help Position CPAs in Fight against Cyber Crime
July 8, 2016 - Accounting Today
- Cybersecurity Startups Set for Surge
June 8, 2016 - Forbes
- Sharpening the Board’s Role in Cyber-Risk Oversight
June 6, 2016 - Risk & Compliance Journal
- G-7 Nations Race to Bolster Security against Cyberattacks in Finance
May 23, 2016 - Wall Street Journal
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