History
COSO was formed in 1985 to sponsor the National Commission on Fraudulent Financial Reporting, an independent private-sector initiative which studied the causal factors that can lead to fraudulent financial reporting. It also developed recommendations for public companies and their independent auditors, for the SEC and other regulators, and for educational institutions.
The National Commission was sponsored jointly by five major professional associations headquartered in the United States: the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), The Institute of Internal Auditors (IIA), and the National Association of Accountants (now the Institute of Management Accountants [IMA]). Wholly independent of each of the sponsoring organizations, the Commission contained representatives from industry, public accounting, investment firms, and the New York Stock Exchange.
The original chairman of the National Commission was James C. Treadway, Jr., Executive Vice President and General Counsel, Paine Webber Incorporated and a former Commissioner of the U.S. Securities and Exchange Commission. Hence, the popular name "Treadway Commission." Currently, the COSO Chairman is Dave Ladsittel.
Summaries
Executive Summaries of all COSO guidance are available online for free download.
Purchasing
Click here to order a COSO publication.
Copyrights/Reprints
To request English language licensing or permission to reprint COSO guidance in part or in whole, download the Copyright/Reprints request form, complete and e-mail it to pr@theiia.org . Applicants should receive a response from the AICPA permission team on behalf of COSO within 10 days.
Translation Requests:
To request permission to translate COSO guidance, download the translation request form, complete it, and e-mail to pr@theiia.org . Applicants should receive a response within two weeks.
For More Information About COSO
Contact Scott McCallum at scott.mccallum@theiia.org
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