COSO issues paper on how frameworks enhance performance and governance

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11 Feb 2014

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has issued a thought paper that examines how the application of the COSO frameworks can improve an organisation’s performance and governance.

COSO has two frameworks, the Internal Control – Integrated Framework (2013) and Enterprise Risk Management – Integrated Framework (2004). These frameworks provide guidance on effective controls and proficient risk management. This paper integrates concepts from the COSO frameworks with a general business model and describes how applying key elements of the COSO frameworks can enhance the governance, strategy setting, and management processes.

For more information, see the press release and Thought Paper, Improving Organizational Performance and Governance: How the COSO Frameworks Can Help, on COSO’s Web site.

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