COSO and NACD Award PwC US RFP for Development of Corporate Governance Framework COSO and NACD Issue Request for Proposal to Develop Corporate Governance Framework and Application Guidance The Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with the National Association of Corporate Directors (NACD), has awarded PwC US a Professional Services Agreement to assist COSO in developing a Corporate Governance Framework (CGF). PwC US was selected after a thorough and competitive RFP process involving numerous respected and knowledgeable organizations, within and outside of the US. ..see more Press Release

Guidance for Healthcare Providers Guidance for Healthcare Providers Amid heightened scrutiny and ever-increasing complexities in operations and regulation, healthcare organizations face unique challenges related to the design and operation of internal controls. In response, the Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with Crowe LLP and CommonSpirit Health, has published new guidance: “2013 COSO Integrated Framework: An Implementation Guide for the Healthcare Provider Industry.” Healthcare organizations experience issues with system access and integrity, clinical documentation, coding, and billing, all of which may result in potential noncompliance with federal and state regulations – and costly mistakes. The guide introduces healthcare organizations to COSO’s widely used “Internal Control – Integrated Framework,” and provides a roadmap to implementation to help strengthen their overall governance and internal control structures. PDF File Press Release

Critical to Success Risk Appetite – Critical to Success In an effort to help boards, executives, and managers recognize how a better understanding and communication of risk appetite will help their organizations succeed, the Committee of Sponsoring Organizations of the Treadway Commission (COSO ) is releasing new guidance, “Risk Appetite–Critical to Success,” focusing on how organizations can promote risk appetite as an integral part of decision-making. The project was commissioned by COSO and co-authored by Frank Martens of Pacific Rim Risk Management Services Ltd. and Dr. Larry Rittenberg, Ernst & Young Emeritus Professor of Accounting at the University of Wisconsin-Madison School of Business. The guidance focuses on linking risk appetite with strategies and objectives and applying appetite as part of managing an organization for success, given the amount of risk the organization is willing and needs to take. As noted in the paper, risk appetite must be flexible enough to adapt to changing conditions, helping an organization to remain relevant in the evolving landscape. Those who anticipate and understand their risk when change happens are better able to embrace the change and be more agile in challenging conditions. PDF File

Fraud Risk Management Certificate Program COSO Fraud Risk Management Certificate Program In 2025, The Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with the Association of Certified Fraud Examiners (ACFE), is pleased to introduce the COSO Fraud Risk Management Certificate program. This new certification, offered through the Institute of Internal Auditors (IIA), and the Institute of Management Accountants (IMA) in addition to the ACFE, is designed to help professionals enhance their expertise in fraud risk management. The certificate program builds on the Fraud Risk Management Guide (FRMG), originally released in 2016 and expanded in 2023, to provide a more comprehensive approach to identifying, assessing and mitigating fraud risks. The second edition of the guide outlines five key principles organizations should follow to establish an effective fraud risk management program. The COSO Fraud Risk Management Certificate equips participants with the skills needed to implement a robust fraud risk management framework based on COSO principles. The program includes self-paced learning modules, and a certifying exam. Upon successful completion, participants will earn an official COSO Fraud Risk Guide Certificate and Digital Badge, demonstrating their proficiency in fraud deterrence and management. The Fraud Risk Management Certificate Program is available from the following organizations: Purchase Purchase Purchase

Study on Sustainability/ESG COSO Board Approves Study on Sustainability/ESG COSO has approved a study to develop supplemental guidance and insights to its authoritative 2013 Internal Control – Integrated Framework (ICIF) in the areas of sustainability and ESG. The goal is to help all organizations create and ensure effective internal control by applying the ICIF to sustainability reporting for internal decision-making and external public reporting (both voluntary and that mandated by regulation). The study is scheduled to be released in the Fall of 2022 and will leverage insights from stakeholder interviews, diverse third-party research and insights, and the September 2017 paper on this subject authored by Herz, Monterio and Thomson. For more information on this COSO study, or if you have significant practical research, cases, or stories to share, please contact Jeff Thomson . Press Release

ERM for Cloud Computing Enterprise Risk Management for Cloud Computing Addressing the demands for remote and flexible work arrangements as a result of the pandemic, the Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with Crowe LLP, issues “Enterprise Risk Management for Cloud Computing.” This new guidance provides a roadmap for establishing cloud computing governance leveraging the principles of COSO’s Enterprise Risk Management (ERM) – Integrating with Strategy and Performance framework (2017). The project was commissioned by COSO and co-authored by Mike Grob, Principal, and Victoria Cheng, Managing Director, in Crowe LLP’s Consulting Services. PDF File Press Release

IC Certificate Program COSO Internal Control Certificate Program The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control—Integrated Framework, originally issued in 1992 and refreshed in 2013 (ICIF-2013 or Framework), launched a COSO Internal Control Certificate. The program is offered by the American Institute of Certified Public Accountants (AICPA), The Institute of Internal Auditors (IIA), The Financial Executives International (FEI), and The Institute of Management Accountants (IMA). The COSO IC Certificate is geared toward audit leaders, team members, and consultants who provide advisory services related to internal controls looking to establish a COSO-based audit organization. The program comprises self-paced learning and live classroom training. Upon successful completion and passing an online exam, candidates will receive an official COSO IC Framework Certificate of completion and Digital Badge. The certificate demonstrates competency to develop expertise in designing, implementing, and conducting an effective internal control system. The IC Certificate Program is available from the following organizations: Purchase Purchase Purchase

Corporate Governance - Guiding Principles for Board Oversight COSO Releases New Board Oversight Guidance Developed with PwC Twelve guiding principles offer boards a practical tool for oversight, accountability, and long‑term value creation NEW YORK, March 31, 2026 – The Committee of Sponsoring Organizations of the Treadway Commission (COSO), today announced the release of its Corporate Governance: Guiding Principles for Board Oversight, developed in collaboration with PwC. The new publication provides boards with a clear, board-level set of guiding principles and practical illustrations to help them assess whether their governance model remains fit for purpose as organizations confront accelerating change, heightened stakeholder scrutiny, and increasingly complex risk environments. Publication Press Release

Collaborative Work on ERM-ESG Collaborative Work on ERM-ESG Alignment Earns UN ISAR Honors Promoting Sustainability The United Nations Conference on Trade and Development (UNCTAD) honored the Committee of the Sponsoring Organizations of the Treadway Commission (COSO), of which The Institute of Internal Auditors (IIA) is a sponsoring organization, the World Business Council for Sustainable Development (WBCSD), and EY for their collaborative work on integrating environmental, social and governance (ESG) aspects into companies’ mainstream enterprise risk management practices. The recognition is for development of the Applying Enterprise Risk Management to Environmental, Social and Governance-related Risks guidance and ESG-risk workshops. The guidance was a collaboration between COSO and WBCSD with support from EY through funding from the Gordon and Betty Moore Foundation. PDF File

Enabling Organizational Agility Enabling Organizational Agility in an Age of Speed and Disruption As radical change transforms the world we live in, organizations should regularly align their enterprise risk management (ERM) process with the current business environment and their strategic goals, according to new guidance issued today from the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Enabling Organizational Agility in an Age of Speed and Disruption is intended to serve as a guide to help organizations succeed by being more anticipatory, agile, and adaptable. The guidance highlights many of the COSO ERM risk principles and how they relate to an agile business environment, and numerous ways are identified that show how the COSO ERM principles link to agile approaches. PDF File Press Release

COSO Announces Search for New Board Chair Committee begins leadership transition to guide next phase of governance, risk, and internal control advancement NEW YORK, May 18, 2026 – The Committee of Sponsoring Organizations of the Treadway Commission (COSO), today announced that it has initiated a formal search process for its next Board Chair, marking an important leadership transition as the organization continues its mission to strengthen enterprise risk management, internal control, governance and fraud deterrence across industries worldwide. Lucia Wind, COSO Chair since 2023, will step down on December 31, 2026, following a distinguished completion of her term of service. The Board is deeply grateful for Lucia’s leadership and forward-looking direction. During her tenure, COSO advanced key modernization initiatives, strengthened global engagement around our frameworks, issued key thought leadership pieces and expanded collaboration with standard setting bodies. Her commitment to COSO’s mission ensured COSO remains influential, practical and relevant in a rapidly evolving landscape. The Institute of Internal Auditors (IIA), a sponsoring organization of COSO, is managing the application process. The elected position will commence on January 1, 2027, for a three-year term. The incoming Chair will succeed the current leadership at the conclusion of the current term and will guide COSO’s strategic priorities during a period of rapid change in organizational governance, technology adoption, and risk oversight. The role includes stewardship of COSO’s globally recognized frameworks, engagement with standard setting bodies, development and management of key partnerships and collaboration with the five sponsoring organizations. “COSO’s work continues to evolve as organizations face increasingly complex risks and heightened expectations for transparency, accountability, and effective governance,” said Doug Prawitt, Lead Director of the COSO Board. “The next Chair will play a pivotal role in shaping COSO’s direction and ensuring our frameworks remain relevant, practical, and responsive to emerging challenges.” The search will focus on candidates with deep experience in executive leadership, governance, risk management, internal control, auditing, or related disciplines, as well as a demonstrated commitment to advancing COSO’s mission. The selected Chair will lead COSO’s ongoing initiatives, including modernization of its frameworks, expansion of global outreach, and continued collaboration with regulators, practitioners, and academic institutions. COSO’s sponsoring organizations include the American Accounting Association (AAA), the American Institute of CPAs (AICPA), Financial Executives International (FEI), The Institute of Internal Auditors (IIA), and the Institute of Management Accountants (IMA). Candidates may submit a letter of interest along with a current resume of qualifications to: bit.ly/4eUG2UA by the position application close date June 30, 2026. For more information about COSO, please visit www.coso.org . Additional details regarding the search process and timeline will be announced as they become available. About COSO Originally formed in 1985, COSO is a voluntary private sector organization dedicated to helping organizations improve performance by developing thought leadership that enhances internal control, risk management, governance and fraud deterrence. COSO is jointly sponsored by the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), the Institute of Management Accountants (IMA), and The Institute of Internal Auditors (IIA). For more information, visit www.cos.org .

Artificial Intelligence Realize the Full Potential of Artificial Intelligence Recognizing the accelerating need to identify and manage the risks of Artificial Intelligence (AI) effectively, the Committee of Sponsoring Organizations of the Treadway Commission (COSO), in collaboration with Deloitte, has issued “Realize the Full Potential of Artificial Intelligence.” This new guidance leverages the principles from COSO’s Enterprise Risk Management (ERM) – Integrating with Strategy and Performance Framework (2017), and serves as a guide to help organizations align risk management with strategy and execution of their AI initiatives. The project, commissioned by COSO and co-authored by Deloitte, focuses on the need for organizations to design and implement governance, risk management, and oversight strategies and structures to realize the potential of humans collaborating with AI. Executive Summary News Release