The Committee of Sponsoring
Organizations of the Treadway Commission (COSO)
released an exposure draft, Guidance on
Monitoring Internal Control Systems .
Developed by COSO through a process led by a Grant
Thornton LLP team, the guidance is designed to
help organizations monitor the quality of their
internal control systems.
more fully develops the monitoring component of
our Internal Control—Integrated Framework
,” COSO Chairman Larry Rittenberg said in a
press release. The draft includes practical
application guidance and case studies, as well as
clarification of the concept of monitoring
Information about the
draft is available at www.coso.org/guidance.htm
. Comments are due by Aug. 15. Input from
respondents will be used to develop the final
release of the project, which is scheduled for the
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