It’s Compliance Week: COSO

Technically, compliance week 2014 started yesterday.
What is compliance week? Well, It’s a gathering from Compliance Week Magazine that puts together a 3-day networking event. You can be reached out to by event sponsors, you can chat with senior-level compliance peers, and discuss compliance, ethics, audit, risk, privacy, etc…

Though I’m not going to this event, I have a feeling there will be talks about COSO 2013 changes. COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission. COSO’s framework, is a voluntary private sector initiative dedicated to improving the organizational performance and governance through effective internal control, enterprise risk management, and fraud deterrence.

If you are audited by PwC, they will try to get you to adopt the COSO framework… They authored it.