![]() But-and this is important-COSO is not mandated as an internal control framework. And, of the 513 that did, more than half were audited by KPMG and advised to wait.ĬOSO issued its update in May of 2013 and sunset the ’92 framework in December of 2014. But just over 500 still used the 1992 framework. That according to Compliance Week, which reported in April that, yes, a majority had the more than 3,000 companies on record had made the switch. ![]() ![]() ![]() If more companies knew how easy the migration from the 1992 to 2013 framework can be, fewer would drag their heels.Ī startling fact: a good many companies that have not migrated to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 Internal Control Framework were advised not to do so by their third-party auditors. ![]()
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