COSO (Committee of Sponsoring Organizations)

COSO, or the Committee of Sponsoring Organizations, is an organization that provides frameworks and guidance for organizations to improve their governance, risk management, and internal controls. Established in the 1980s, COSO's most well-known framework is the Internal Control Integrated Framework, which helps businesses ensure reliable financial reporting, compliance with laws, and effective operations. By promoting best practices in risk assessment and control activities, COSO aims to enhance organizational performance and integrity. Its frameworks are widely adopted by companies to strengthen their operations and safeguard their assets.