COSO – What is It?

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.

About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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