Tags » COSO

The message is clear: “Focus on Fraud”

Public companies subject to Sarbanes Oxley (SOX) requirements with a calendar year-end are wrapping up their projects to transition to the 2013 COSO Framework. Among the seventeen Principles formalized in the 2013 framework is Principle 8, which states, “The organization considers the potential for fraud in assessing risks to the achievement of objectives.” 465 more words

Solutions

Auditing Risk Appetite

Regulators around the world are calling for organizations to establish a risk appetite framework. This is primarily for financial services organizations and especially their financial-related risks. 1,197 more words

Risk

[#017] Pasame el coso

Which is the Spanish word in the River Plate area that means both nothing and everything at the same time? Any clue? Look at the following picture: 559 more words

Entries #1-50

Pre-IPO? RGP and policyIQ Help with Preparations to Go Public

Are you considering going Public and beginning to think about all of the steps you should take to prepare? RGP and our GRC tool, policyIQ, can help you to ensure that you have a solid offering and that you are presenting your company in the best possible light. 487 more words

Solutions

Leaders of internal audit should never be satisfied

If you think you are world-class, it is time for you to consider change.

Our organizations and the risks they face are changing constantly and the pace of change is increasing. 640 more words

Risk

Whether 1992 or 2013 version of COSO framework -- disclose in management's and auditor's internal control reports

by Cydney Posner

Last week, I posted a piece regarding the “squishy” deadline  (to borrow the term of art coined by the COSO Chair) for implementation of the new 2013 COSO internal control framework. 475 more words

Corporate Governance

Auditing Forward

One of the new Core Principles for the Professional Practice of Internal Auditing proposed by the IIA’s Exposure Draft (if you haven’t seen it, read it, and responded please do so) is: 547 more words

Risk