Internal Control Framework for smaller companies.

• Position: COSO News - Brief Article

The Committee of Sponsoring Organizations of the Treadway Commission has released an exposure draft, a modification of its Internal Control-Integrated Framework aimed at smaller companies.

The guidance outlines 26 principles associated with the five key components of internal control: control environment; risk assessment; control activities; information and communication; and monitoring.

The report defines each principle and describes its...