In May 2013, COSO launched its enhanced Framework, which aims to help organizations mitigate the risks inherent in continuously changing technological, economic, and regulatory environments. Historically, public companies have used the 1992 COSO Framework.
If implemented properly, the new COSO Framework can provide a solid foundation for developing and maintaining sound internal control practices to minimize the risk of asset misappropriation.
But is your organization implementing the new Framework properly?
To help organizations gain more clarity around this issues, SC&H Group has launched a new automated online assessment that helps organizations determine if they are meeting these new requirements.
“Organizations should not wait any longer to determine if they are meeting all of the controls requirements under the new framework,” said Joe Freiburger, Director of Risk Management Services, SC&H Group, in a recent press release. “Our new online assessment aims to help companies take the right steps to mitigate risk that is very common in today’s business environment.”
To take SC&H’s simple online assessment, click here.