|Available Formats:||Paperback | On-Demand | See All|
The COSO board recognizes that management's assessment of internal control often has been a time-consuming task that involves a significant amount of annual management and/or internal audit testing. Effective monitoring can help streamline the assessment process, but many organizations do not fully understand how to take full advantage of this important component of internal control. COSO’s Monitoring Guidance is designed to improve the use of monitoring by helping organizations:
In both instances, the internal control system may be improved, increasing the likelihood that organizational objectives will be achieved.
The culmination of two years of expert critical debate, the guidance brings together leading practices at large and small organizations and provides in-depth guidance for implementing the monitoring component of COSO's Internal Control—Integrated Framework
Guidance on Monitoring Internal Control Systems details:
COSO's Monitoring Guidance suggests that effective and efficient monitoring is best achieved by:
The guidance covers these and other topics in an easy-to–read, three-volume set.
The three-volume set includes:
A free summary of the guidance and its intended purpose is posted on the "Excerpts" tab above.
Note: The On-Demand format is an electronic PDF download file that will be accessible immediately after completing your purchase. Access to this file – from the My Account > My Downloads page – expires 90 days from purchase date. This product purchase is non-refundable. For more information about this product or service concerns, please contact the AICPA Service Center at firstname.lastname@example.org or call 888-777-7077.
Members of the COSO organizations are eligible to receive copies of this document at the AICPA member price shown below. If you are a member of the AAA, FEI, IIA, or the IMA, please enter the appropriate coupon code in the Discounts box during checkout. Student and Educator members of all five organizations are eligible for discounts on the PDF Download and the Print & PDF Bundle. Please use appropriate code to obtain the discounted price.
Other COSO documents:
Internal Control—Integrated Framework (1992)
Enterprise Risk Management—Integrated Framework (2004)
Internal Control over Financial Reporting—Guidance for Smaller Public Companies (2006)