Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework is a guidelines system designed to help organizations improve their internal controls—these are the processes that ensure a company operates effectively, reports accurate information, and complies with laws. It provides a structured approach with five key components: control environment, risk assessment, control activities, information and communication, and monitoring. By following COSO, organizations can better prevent fraud, reduce errors, and ensure reliable financial reporting, ultimately supporting sound management and stakeholder confidence.