COSO’s Updated Internal Control Integrated （COSO的更新内部控制综合）.pdf

COSO’s Updated Internal Control Integrated Framework A conversation with the Dallas Chapter ofof thethe IIAIIA September 5, 2013 Agenda • COSO – What is that again? • Why did COSO decide an update was needed to the Internal Control- Integrated Framework? • What changed? •• TransitionTransition andand recommendedrecommended actionsactions Disclaimer: The contents of this document are purely for educational and awareness purposes of the audience, and do not represent or imply PwC’s views on the COSO IC Framework updates nor PwC’s audit methodology related to areas impacted by the COSO IC Framework updates. PwC 1 What is COSO? Internal Control-Integrated Framework In 1992, COSO published the original IC Framework, which allowed the management of an organization to: • establish, • monitor, • evaluate, and •• reportreport onon internalinternal control.control. The original IC Framework has gained widespread acceptance and use worldwide. In 2013, COSO published the updated IC Framework to ease use and application, • considering changes in business and operating environments, • articulating principles and clarifying requirements for effective internal control, and • encouraging users to apply internal control to additional objectives. PwC 2 What is COSO? The Internal Control-Integrated Framework 2013 COSO IC Cube 1992 COSO IC Cube Entity Structure Components PwC