Assurance Flash Report - September 2013

September 2013

BDO issued an Assurance Flash Report in July 2013 that addressed a number of frequently asked questions (“FAQs”) regarding the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) updated Internal Control – Integrated Framework (the “2013 Framework”). Those FAQs and related answers addressed topics including why COSO updated the original 1992 Framework (the “1992 Framework”), key changes including the 17 principles, and the effective date for the 2013 Framework.