Welcome to COSO

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a joint initiative of the five private sector organizations listed on the left and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management, internal control and fraud deterrence. We hope you will find the information on this site to be helpful and we welcome your input.

University Professor/Student Discounts

For information on discounts available to qualified university professors and their students, please contact Joanna Dabrowska at jdabrow1@depaul.edu.

What's New

October 21, 2014

COSO Announces Project to Update Enterprise Risk Management-Integrated Framework

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) today announced a project to review and update the 2004 Enterprise Risk Management–Integrated Framework (Framework). The Framework, originally published in 2004, is a widely accepted framework used by management to enhance an organization’s ability to manage uncertainty and to consider how much risk to accept as it strives to increase stakeholder value..

Learn more

February 10, 2014

COSO Releases New Thought Leader Paper Demonstrating How Frameworks Improve Organizational Performance and Governance

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) announced today the release of a new thought paper, Improving Organizational Performance and Governance: How the COSO Frameworks Can Help, developed to illustrate how the enterprise risk management (ERM) and internal control frameworks can contribute to enhancing organizational performance and governance for sustainable success.

Read Press Release
Read Thought Paper

June 25, 2013

Managing Sustainability Risks the Focus of COSO’s Latest Thought Leadership

In response to today’s highly competitive markets and the growing number of organizations integrating sustainability into their business operations, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and Ernst & Young LLP (EY) have published a new thought paper titled Demystifying Sustainability Risk: Integrating the triple bottom line into an enterprise risk management program.The thought paper 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, and references.

Read Press Release
Read Thought Paper

June 6, 2013

Article Discusses Transition to 2013 Internal Control — Integrated Framework for Sarbanes-Oxley Section 404 Compliance

COSO has issued an article aimed at assisting public companies comply with Section 404 of the U.S. Sarbanes-Oxley Act of 2002. The article outlines an example of one approach to transitioning to COSO’s 2013 Internal Control–Integrated Framework (Framework) from the original framework published in 1992.

Read Press Release
Read Article

June 3, 2013

Leading Risk Management and Internal Control Professional Robert Hirth Named New Chairman of COSO

COSO has named Robert B. Hirth Jr. as its new Chairman for a three-year term effective today. A prolific thought leader, renowned risk management and internal control professional, Hirth was selected for this position after a four-month extensive search. Hirth succeeds David L. Landsittel, CPA, who has served as COSO chairman since 2009. 

Read Press Release
Read Bio

May 14, 2013

2013 Internal Control-Integrated Framework Released

COSO has issued the 2013 Internal Control–Integrated Framework (Framework). The Framework published in 1992 is recognized as the leading guidance for designing, implementing and conducting internal control and assessing its effectiveness. The 2013 Framework is expected to help organizations design and implement internal control in light of many changes in business and operating environments since the issuance of the original Framework, broaden the application of internal control in addressing operations and reporting objectives, and clarify the requirements for determining what constitutes effective internal control.

COSO has also issued Illustrative Tools for Assessing Effectiveness of a System of Internal Control and the Internal Control over External Financial Reporting (ICEFR): A Compendium of Approaches and Examples. The Illustrative Tools are expected to assist users when assessing whether a system of internal control meets the requirements set forth in the updated Framework. The ICEFR Compendium is particularly relevant to those who prepare financial statements for external purposes based upon requirements set forth in the updated Framework.

Read Press Release
Download Executive Summary
Read FAQs
Download PowerPoint Slides
Purchase Framework and Tools


User Disclaimer

This website contains general information only, and none of COSO, any of its constituent organizations or any of the authors of the contents provided herein is rendering accounting, business, financial, investment, legal, tax or other professional advice or services in connection with such content. Information contained herein is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Views, opinions or interpretations expressed herein may differ from those of relevant regulators, self-regulatory organizations or other authorities and may reflect laws, regulations or practices that are subject to change over time.

Evaluation of the information contained herein is the sole responsibility of the user. Before making any decision or taking any action that may affect your business with respect to materials provided on this website, you should consult with relevant qualified professional advisors. COSO, its constituent organizations and the authors expressly disclaim any liability for any error, omission or inaccuracy contained herein, any content linked to this website or any loss sustained by any person who relies on materials provided in or linked to this website.