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VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
2023 Tax Calendar
The Committee of Sponsoring Organizations of the Threadway Commission (COSO) has introduced 17 new principles across the five components critical to internal control as part of its Internal Control-Integrated Framework released on May 14, 2013.
According to COSO, the updates are designed to help organizations design and implement internal control in light of changes in the business landscape since the framework’s original release in 1992 and last updated in 2009.
Also released were two illustrative documents to help organizations assess internal control according to the new framework:
These documents along with the framework are available for purchase at www.coso.org through Dec. 31, 2013. Free tools available for download include:
The updated framework will supersede the original framework on Dec. 15, 2014.
For assistance navigating the framework, contact our internal auditors in Michigan, Houston or Ft. Lauderdale.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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