COSO Internal Control Framework – Risk Advisory Services
During 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released an updated Internal Control – Integrated Framework to reflect the increasing complexity of internal controls in recent years, particularly in the areas of outsourced service providers and technology. This updated framework is displayed below in what is known as the COSO cube.
The intent of the updated framework is to provide better guidance to management and those charged with governance in fulfilling their internal control responsibilities and to help entities address future changes.
Leveraging more than a decade of internal control experience, George R. Baxendale, CPA can support companies of all sizes to properly interpret this updated framework, as well as ensure compliance with the framework’s 17 principles, which were designed to assess and improve a company’s governance, risk management and compliance across all components of internal control.
Through a proven methodology and personalized approach, customized to meet an organization’s unique people, process, technology and information needs, George R. Baxendale, CPA clients are able to successfully adopt the COSO 2013 Internal Control – Internal Framework.