COSO: Control-Integrated Framework

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) introduced its Internal Control-Integrated Framework in 1992. Since that time, it has become the most widely adopted control framework worldwide. However, in response to an increasingly complex, technology-driven and global business environment, COSO updated the framework this past year to reflect key issues for future organizational success. While the fundamentals of the original framework remain unchanged, the revised version emphasizes 17 key principles.

Today, large public companies enjoy mature, tested internal control systems related to financial reporting that meet the expectations of these principles. But for smaller companies where current controls infrastructure may not be as comprehensive, early discussions with your external audit team can prove beneficial before undertaking an exhaustive exercise to map controls. To learn more, please feel free to contact us.


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BKD Enterprise Risk Solutions

BKD's Enterprise Risk Solutions group offers a suite of services and specialties designed to consider an organization’s overall environment, including operational, financial, strategic, regulatory and technology risks and controls.

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