Transcription of Internal Control Integrated Framework - IFAC
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0 Internal Control Integrated FrameworkAn IAASB OverviewSeptember 20161 Table of Contents COSO & Project Overview Internal Control - Integrated Framework IllustrativeDocuments Illustrative Tools for Assessing Effectiveness of a System of Internal Control Internal Control over External Financial Reporting: A Compendium of Approaches and examples Transition & Impact Recommended Actions Questions 2 COSO & Project Overview3 Originally formed in 1985, COSO is a joint initiative of five private sector organizations and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management (ERM) Internal Control and fraud deterrence.
5 Original Framework COSO’s Internal Control–Integrated Framework (1992 Edition) Refresh Objectives Updated Framework COSO’sInternal Control–Integrated Framework (2013 Edition) Broadens Application Clarifies Requirements Articulate principles to facilitate effective
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