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COSO |
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Besides the AICPA, the Institute of Internal Auditors, the American Accounting Association, Financial Executives International and the Institute of Management Accountants are members of COSO. The report provides guidance on how to apply the original COSO framework dealing with the design, implementation and evaluation of internal control over financial reporting, to a smaller public company. The AICPA, as a member organization of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), fully supports the exposure draft (ED) COSO issued October 26 to help small public companies comply with the internal control reporting requirements in Sarbanes-Oxley Act section 404. |
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