Implementing COSO 2013 Internal Control-Integrated Framework

With today’s current business environment being highly automated and global in nature, remote workforces are common and businesses face expectations for greater transparency. 

The Committee of the Sponsoring Organizations of the Treadway Commission (COSO) released its updated Integrated-Internal Control Framework in May 2013 that acknowledges those changes and retains the principles-based internal components found in the 1992 COSO Internal Control Framework. That enables organizations to more-effectively address internal control concerns and serves as an enhancement of the 1992 COSO Integrated-Internal Control Framework. For companies that must comply with Security and Exchange Commission (SEC) regulations, it was recommended to be implemented by December 15, 2014. The Institute of Internal Auditors (IIA) suggested prompt implementation of the 2013 framework as well. Regardless of the particular compliance requirements an organization faces, residual value accompanies implementing the 2013 framework as soon as possible.

If your organization plans to implement the COSO 2013 Internal Control-Integrated Framework in the near future, consider:

  • The need for an updated framework
  • The enhanced associated benefits 
  • Components and principles
  • Needed implementation plans 
  • Four internal control maturity levels
  • Long-term benefits of applying the framework

Learn more by downloading our Risk Insights document COSO 2013 Implementation.

This topic was also featured in the article Implementing COSO 2013 Internal Control-Integrated Framework by Weaver’s Alyssa Martin, partner in risk advisory services, published in the July/August 2015 issue of Texas Society of CPAs Today’s CPA magazine.


Read the most updated version here