COSO Guidance on Monitoring

COSO Guidance on Monitoring

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is the preeminent authority helping organizations improve the effectiveness and efficiency of their internal controls.

Organizations that use an objective and risk-based approach to sustaining internal controls can experience bottom-line savings in day-to-day financial operations and in their compliance initiatives, both of which contribute to a more effectively managed organization.

In 2009, COSO published new guidance designed to help organizations establish techniques and employ technologies that can make monitoring more cost effective, replacing costly annual transactional control testing.

		COSO's New Monitoring Guidance (Part II) *Posted: June 24, 2009* This Webcast explores how automated controls can help your organization more effectively manage its risk and allow internal audit to increase its focus on emerging risks. Watch Now! \| Download Windows Media Version \| Download QuickTime Version

		COSO's Newest Guidance on Monitoring Internal Controls (Part I) *Posted: May 19, 2009* The Committee of Sponsoring Organizations (COSO) is at it again, releasing fresh guidance on the importance of monitoring to ensure the ongoing effectiveness of internal control. In this Webcast, you’ll receive a high-level overview of COSO’s guidance. Watch Now! \| Download Windows Media Version \| Download QuickTime Version

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COSO Releases Discussion Document on Monitoring Internal Control Systems

September 17, 2007: The Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued a discussion document, Guidance on Monitoring Internal Control Systems, intended to more fully develop the monitoring component of the Internal Control - Integrated Framework to assist companies in ensuring the effectiveness of their financial, operational and compliance-related internal controls.

American Recovery and Reinvestment Act of 2009 Impact Overview

March 2009 - On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 (the Recovery Act), into law, requiring a high degree of transparency and accountability from those receiving Recovery Act resources. Federal agencies, states and other recipients of these funds will have to expand their program, fiscal and project management reporting capabilities and enhance controls over the use and disbursement of funds.

Details on TARP Announced

February 2009 - The U.S. Treasury and federal banking regulators announced details of economic assessments that will begin as part of the Capital Assistance Program (CAP) under the Treasury’s Troubled Asset Relief Program (TARP).

Podcast and Webcast

An MP3, MOV, and WMV file, regarding the topic covered on this page, are available for use on any device. Listen/View or Download Now!

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