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Struggling to incorporate the COSO recommendations into your audit process?
Here's one audit shop's winning strategy.

Following the report’s publication, The Boeing Company adopted the COSO principles partly as the basis for its internal control policies and procedures. As a result, our internal audit department began to rate the quality of internal controls covered in each audit. We soon discovered that incorporating these standards into actual practice proved challenging.
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More articles

"Putting COSO Theory into Practice," Tone at the Top, The Institute of Internal Auditors, November 2005 (PDF).
http://www.theiia.org/download.cfm?file=42122

"The Treasurer's Role in Leading Companies Down the ERM Path to Better Corporate Governance," Joseph Neu, CFOdirect Network/TreasuryCompliance.com, Sept. 2004
http://www.cfodirect.com/cfopublic.nsf/aOpenContent?OpenAgent&content=/cfopublic.nsf/
vContent/MSRA-659QSM?open

"Bringing ERM into Focus," Christy Chapman, Internal Auditor, June 2003
http://www.theiia.org/iia/index.cfm?doc_id=4229

"Managing Risk from the Mailroom to the Boardroom," Tone at theTop, The Institute of Internal Auditors, June 2003 (PDF)
http://www.theiia.org/download.cfm?file=52564

"What is COSO? Defining the Alliance That Defined Internal Control," by Financial Executives Research Foundation, April 2003
http://www.fei.org/rfbookstore/PubDetail.cfm?Pub=146

"COSO Back in the Limelight," by Mike Bridge and Ian Moss, PricewaterhouseCoopers Perspectives on Financial Services, April 2003
http://www.pwc.com/extweb/indissue.nsf/docid/41D0EC9E16678147CA256D030038030B

"Preparing for Internal Control Reporting," Executive Summary by Ernst & Young, Spring 2003
http://www.ey.com/global/Content.nsf/US/AABS_-_Assurance_-_Audit_Committee_-_Preparing_for_Internal_Control_Reporting

"Guide to the Sarbanes-Oxley Act: Internal Control Reporting Requirements," Protiviti, Inc, March 2003
http://www.protiviti.com/portal/site/pro-us/?pgTitle=Sarbanes-Oxley%20Section%2020404%20FAQs

"The Business Reporting Model of the Future," The CPA Letter, Education section, November 2002
http://www.aicpa.org/pubs/cpaltr/nov2002/supps/edu1.htm

"Beyond Traditional Audit Techniques," Paul E. Lindow and Jill D. Race, Journal of Accountancy, July 2002
http://www.aicpa.org/pubs/jofa/jul2002/lindow.htm

"COSO Launches New Study to Provide Guidance on Assessing and Managing Enterprise Risks," American Accounting Association, January 2002, Rutgers University Web site
http://accounting.rutgers.edu/raw/aaa/newsarc/cosostudy2.htm

"COSO Introduces Web site," Accounting Education News, Spring 2000
http://accounting.rutgers.edu/raw/aaa/aen/spring00/item06.htm

"COSO Study on Fraud in Financial Reporting," by Carlo di Florio, The 9th International Anti-Corruption Conference, The Papers, October 1999
http://www.transparency.org/iacc/9th_iacc/papers/day3/ws7/d3ws7_cdflorio.html

"Does Your Control System Pass the COSO Test?", Tone at the Top, The Institute of Internal Auditors, March 1998. (PDF)
http://www.theiia.org/download.cfm?file=57080

"COSO Based Auditing," by Mark R. Simmons, The Internal Auditor, December 1997
http://www.cwu.edu/~atkinsom/coso.htm

"What is COSO: Background and Events Leading to Internal Control-Integrated Framework," Published by The Committee of Sponsoring Organizations (COSO) of The National Commission of Fraudulent Financial Reporting the (Treadway Commission), Excerpted from: Appendix A of Internal Control - Integrated Framework (1992)
http://www.dartmouth.edu/~msimmons/internal-auditing/cosois.htm

"COSO and Self-Assessment," PowerPoint presentation by David B. Crawford, CIA, CPA, Audit Manager, The University of Texas System Audit Office
http://www.utsystem.edu/aud/Links/coso.ppt

 


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