Committee of Sponsoring Organizations
Sinopse: In 1992 the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control — Integrated Framework (the original framework). The original framework gained broad acceptance and was widely recognized as a leading framework for designing, implementing, and conducting internal control and assessing the effectiveness of internal control. COSO revised the original framework in 2013 (COSO 2013 IC Framework). The COSO 2013 IC Framework incorporated 17 principles. These 17 principles are associated with the five internal control components, and provide clarity for the user in designing and implementing systems of internal control and for understanding requirements for effective internal control. COSO makes clear that for a system of internal control to be effective, each of the 17 principles is present, functioning, and operating together in an integrated manner. One important principle focused on fraud risk.
