Department

School of Accountancy

Document Type

Article

Publication Date

7-2003

Abstract

In 1992 when the Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued its internal control framework, few would have guessed that the framework would become an integral part of corporate accountability a decade later, but things are moving in that direction. COSO's framework may become an important tool for implementing the directives set forth in the Sarbanes-Oxley Act of 2002. With the newly mandated reporting on controls and other directives set forth in the Sarbanes-Oxley Act, the full effect of COSO's internal control vision may finally be realized. COSO's framework may help to address compliance with the new internal control reporting requirements. Although the primary focus of the COSO report is internal control, the framework has implications for other areas of the Sarbanes-Oxley Act as well.

Journal

Internal Auditing

Journal ISSN

0897-0378

Volume

18

Issue

4

First Page

3

Last Page

6

Included in

Accounting Commons

Share

COinS