Treadway Commission (COSO)
Definition
The Committee of Sponsoring Organizations of the Treadway Commission, whose 1992 Internal Control framework became the global baseline for evaluating internal controls and fraud risk in organisations.
- Full name
- Committee of Sponsoring Organizations of the Treadway Commission
- Key output
- 1992 Internal Control framework
- Use
- Global baseline for evaluating internal controls and fraud risk
- Field
- Forensic accounting
Common questions
Why do forensic accountants still reference a 1992 framework?+
The COSO Internal Control framework has been updated since 1992 but its core structure of control environment, risk assessment, control activities, information and communication, and monitoring remains the widely accepted baseline auditors and investigators use to judge whether an organisation's controls were adequate.
How is COSO used in a fraud investigation specifically?+
An investigator maps the failure that allowed a fraud to occur against the COSO components to identify which control category broke down, which supports both root-cause findings and recommendations for remediation.
Related terms
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