Heads Up: Update on the Project to Enhance COSO’s Internal Control — Integrated Framework
Volume 19, Issue 18
This Heads Up discusses the COSO’s exposure draft (ED) that proposes enhancements to its Internal Control — Integrated Framework, which was initially published in 1992. Topics discussed in this Heads Up include (1) an overview of the ED’s enhancements, (2) information regarding feedback received and expected timing of issuance, (3) an update regarding the development of COSO guidance on internal control over external financial reporting, and (4) considerations for preparers of financial statements before and after release of the updated framework.
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