|January 4, 2011
E- Alert No. 18
COSO Seeks Your Input for Update to Internal Control- Integrated Framework
The Committee of Sponsoring Organizations of the Treadway Commission (known as COSO) is seeking input for updating the COSO Internal Control- Integrated Framework (Framework).
The AICPA encourages its members to participate in this important survey currently under way by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), of which the AICPA is a founding member. We hope you can participate in this study, which may be accessed at the following link:
COSO ICIF Survey
COSO has undertaken a project to update the Framework initially published in 1992 to address key challenges presented by an increasingly complex business environment and help organizations worldwide better assess, design and manage internal control. The update is expected to provide more comprehensive and relevant conceptual guidance and practical examples, with a target publication date of 2012. The survey constitutes one form of data gathering and analysis. Also, the updated Framework will be exposed for public comment to capture any additional input.
If you believe there is someone in your organization who is more qualified to provide feedback to COSO about its Framework, we encourage you to forward this request to them. The survey will remain open until January 31, 2011.