The New COSO Framework (Currently Unavailable)
Author: Jennifer Elder
| CPE Credit: |
2 hours for CPAs |
The Committee of Sponsoring Organizations (COSO) made major changes to their internal control framework for the first time since it was originally issued in 1992. The framework was updated as a result of changes in the global business environment, technology, and complexity of operations.
Publication Date: June 2015
Designed For
CPAs in public practice or in private industry
Topics Covered
- Overview of the internal control framework
- The major changes from the original framework to the updated framework
- The elements of a strong system of internal control
Learning Objectives
- Describe the major changes adopted by the updated internal control framework
- Define the 5 basic elements of internal control
- Describe the 17 principles included in the updated framework
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
