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 Title
Internal Auditing
Journal ISSN
0897-0378
Volume
18
Issue
4
First Page
3
Last Page
6