Ask FERF (financial executives research foundation) About … COSO Resources

Sinnett, William M.
July 2003
Financial Executive;Jul/Aug2003, Vol. 19 Issue 5, p62
Academic Journal
This article reports that the U.S. Securities and Exchange Commission (SEC) has responded to Section 404 of the Sarbanes-Oxley Act with a proposed rule that refers to the Committee of Sponsoring Organizations (COSO) framework. The author notes many companies wanted further information on COSO so the author provides some in this article. The organization was formed in 1985 as an alliance of five professional organizations to create a single voice in the financial community on issues related to the problem of fraudulent financial reporting. Its stated mission is to improve the quality of financial reporting through business ethics, effective internal controls and corporate governance.


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