If you use the COSO Framework to report on your internal controls, you are aware that the framework is changing for the first time since it was developed in 1992. The updated framework more explicitly formalizes the principles embedded in the original, incorporates changes in business and operating environments, and makes the framework easier to apply and use.
At the conclusion of the session, participants will:
- Be able to list the changes in the updated COSO Framework
- Discuss the impact of the updates on reporting requirements
- Understand the value-add opportunities available to companies through the application of the updated COSO framework
Maintaining a sound control environment is critical to mitigating risks inherent in continuously changing economic, technological, and regulatory environments. Whether you are a public company that is required to report or a privately held company that understands the value of internal controls, you are invited to join this conversation with our experts and bring your questions.
Matt Bohdan and Jack Kristan, leaders on Plante Moran’s enterprise risk services team