Professional Documents
Culture Documents
www.coso.org
Internal Control — Integrated Framework
Guidance on Monitoring
Internal Control Systems
Introduction
Committee of Sponsoring Organizations
of the Treadway Commission
Board Members
Larry E. Rittenberg Mark S. Beasley Michael P. Cangemi
COSO Chair American Accounting Association Financial Executives International
Review Team
Andrew D. Bailey Jr. Dorsey L. Baskin Jr. Craig A. Emrick Philip B. Livingston
Senior Policy Advisor Regional Partner of VP Senior Accounting Analyst Vice Chairman, Approva Corporation
Grant Thornton LLP Phoenix Professional Standards Moody’s Investors Service Former President and CEO,
Grant Thornton LLP Dallas Financial Executives International
Observer
Securities and Exchange Commission
Josh K. Jones
SEC Observer
Professional Accounting Fellow
Copyright © 2009, The Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Guidance on Monitoring
Internal Control Systems
Introduction
January 2009
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Copyright © 2009, The Committee of Sponsoring Organizations of the Treadway Commission (COSO).
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1
COSO Framework, p. 69.
2
See principles #19 and #20 in COSO’s Internal Control over Financial Reporting – Guidance for
Smaller Public Companies issued in 2006 (COSO’s 2006 Guidance).
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4
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Introduction (1).qxp 12/30/2008 1:43 PM Page 1
www.coso.org
Internal Control — Integrated Framework
Guidance on Monitoring
Internal Control Systems
Introduction