Assurance Flash Report - September 2013

September 2013

As communicated in BDO’s Assurance Flash Report – May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) issued the 2013 Internal Control – Integrated Framework (the “2013 Framework”) and related illustrative documents in May 2013 to replace the original 1992 Internal Control - Integrated Framework (the “1992 Framework”). The following frequently asked questions (“FAQs”) address the more significant provisions of the 2013 Framework that auditors and companies need to understand – particularly as it relates to public entities subject to SarbanesOxley (“SOX”) Section 404.