The New COSO Framework (Currently Unavailable)

Author: Jennifer Elder

CPE Credit:  2 hours for CPAs

The Committee of Sponsoring Organizations (COSO) made major changes to their internal control framework for the first time since it was originally issued in 1992. The framework was updated as a result of changes in the global business environment, technology, and complexity of operations.

Publication Date: June 2015

Designed For
CPAs in public practice or in private industry

Topics Covered

  • Overview of the internal control framework
  • The major changes from the original framework to the updated framework
  • The elements of a strong system of internal control

Learning Objectives

  • Describe the major changes adopted by the updated internal control framework
  • Define the 5 basic elements of internal control
  • Describe the 17 principles included in the updated framework

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None

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