The Committee of Sponsoring Organizations

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.

Publisher of The Internal Control Integrated Framework




The Institute of Internal Auditors

The IIA is a member of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), a joint initiative of five private sector professional associations collaborating to provide thought leadership, frameworks, and guidance on enterprise risk management, internal control, and fraud deterrence. As one of the five sponsoring organizations for COSO, The IIA provides its members with exclusive access and discounts through its COSO Resource Center.

The IIA COSO Resource Center provides the most comprehensive and up-to-date list of resources, tools, and training to support implementation of the COSO Internal Control-Integrated Framework. The Framework is the most widely recognized guidance on what constitutes effective internal control, which is vital for the success of any organization. It is broad-based and can be applied by organizations, businesses, governmental agencies, and not-for-profit enterprises of all sizes.

Member of the Committee of Sponsoring Organizations