|
|
Article: Everything you always wanted to know about internal control but were afraid to ask.
- Article from:
- Internal Auditor
- Article date:
- December 1, 1992
- Author:
CopyrightCOPYRIGHT 1992 Institute of Internal Auditors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
An article published in the June 1991 issue of Internal Auditor raised the question, "Internal Control: What's That?"(*) Now we have the answer.
AFTER THREE YEARS OF research, discussion, and concerted effort, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published a four-volume report that defines internal control and the criteria for determining the effectiveness of an internal control system. Written by Coopers & Lybrand for COSO, Internal Control -- Integrated Framework (COSO report) reflects the views of many participants, including members of five sponsoring organizations: the American Institute of Certified Public Accountants, ...