This small business guidance takes the concepts of the 1992 Internal Control – Integrated Framework and demonstrates their applicability for achieving financial reporting objectives of smaller publicly traded companies.
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) today announced that its latest guidance, titled Internal Control over Financial Reporting — Guidance for Small Public Companies, will be released on July 11 with a special Webcast. The free Webcast will focus on the purpose of the guidance and how small companies can use it to become more knowledgeable about internal controls, ultimately leading to more effective control systems and greater proficiency in reporting on internal controls for regulatory compliance purposes.
Representing diverse professions, the Webcast panel will include an internal auditor, an external auditor, a management accountant, and a small business consultant. From their unique perspectives, they will discuss the document’s value, the tenets of the guidance, and how the principles can be internalized and put into operations throughout an organization. The Webcast also will serve as a forum for questions from the media and other viewing audiences.
See full Press Release, in pdf format.
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