COSO (Committee of Sponsoring Organizations of the Treadway Commission)

COSO, the Committee of Sponsoring Organizations of the Treadway Commission, is a group that develops frameworks to help organizations manage risks and ensure reliable financial reporting. Its most well-known framework, the COSO Internal Control – Integrated Framework, provides guidelines for businesses to design effective internal controls, safeguard assets, prevent fraud, and improve operational efficiency. Essentially, COSO helps organizations establish systems and processes that promote accurate, transparent, and trustworthy financial information, supporting good governance and decision-making. It’s widely used by companies, auditors, and regulators to strengthen organizational integrity and accountability.