The COSO Effect: How the New Control Framework Adds Value, Not Just Work for Work’s Sake

“The COSO Effect: How the New Control Framework Adds Value, Not Just Work for Work’s Sake” by Alyssa Martin for Smart Business (June 1, 2014)

Every business, private and public, has a control structure. Internal controls — often called COSO after the Committee of Sponsoring Organizations that has set the standard for internal controls since 1992 — are the functional steps that process accounting transactions generated by a business.

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