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.

What's New

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

 

March 20, 2013

COSO to Issue Updated Framework in May

The COSO Board has approved its updated Internal Control – Integrated Framework: 2013 (Framework) and expects to issue iton May 14, 2013.  The issuance will also include a volume of Illustrative Tools for Assessing Effectiveness of a System of Internal Control. COSO also expects to issue simultaneously Internal Control over External Financial Reporting: A Compendium of Approaches and Examples, which has been developed to assist users when applying the Framework to external financial reporting objectives. To learn more about this, as well as guidance on transition to the new Framework.

Read the full press release

 
April 2 , 2012

COSO Develops Draft Update to Internal Control - Integrated Framework. Public Comment Period Now Closed.


In December, COSO released – for public comment – a draft update to the 1992 Internal Control – Integrated Framework (Framework) intended to help organizations improve performance with greater agility, confidence and clarity. The public comment period ended on March 31, and the final updated Framework is slated to be released in early 2013.

View Exposure Draft
View the Public Comments
Read Frequently Asked Questions
Download PowerPoint Presentation
Read Initial Press Release Published December 19, 2011