COSO, or the Committee of Sponsoring Organizations of the Treadway Commission, is a sponsor of the National Commission on Fraudulent Financial Reporting.
They’ve developed a standard framework of recommendations on internal controls that can be applied to any type and size of entity. Their principles-based approach provides flexibility and allows for judgment.
One of their primary objectives is to help an organization identify and analyze risks, and then develop internal controls (financial, compliance, and operational) to protect against that risk.
Our non-profit clients will find this framework to be important in safeguarding their organizations. Watch the full video for more information.