COSO Releases New "Achieving Effective Internal Control Over Sustainability Reporting" (ICSR) Supplemental Guidance
MONTVALE, N.J., March 30, 2023 /PRNewswire/ -- The Committee of Sponsoring Organizations of the Treadway Commission (COSO) today released a groundbreaking study with supplemental guidance for organizations to achieve effective internal control over sustainability reporting (ICSR), using the globally recognized COSO Internal Control-Integrated Framework (ICIF). COSO believes its use will build trust and confidence in ESG/sustainability reporting, public disclosures, and enterprise decision-making.
- MONTVALE, N.J., March 30, 2023 /PRNewswire/ -- The Committee of Sponsoring Organizations of the Treadway Commission (COSO) today released a groundbreaking study with supplemental guidance for organizations to achieve effective internal control over sustainability reporting (ICSR), using the globally recognized COSO Internal Control-Integrated Framework (ICIF).
- Leveraging the significant knowledge gained in the application of ICIF to financial reporting over the past two decades, "Achieving Effective Internal Control over Sustainability Reporting (ICSR): Building Trust and Confidence through the COSO Internal Control―Integrated Framework" introduces "internal control over sustainability reporting" (ICSR) into the internal control lexicon.
- "Effective internal control is good for business and applies well beyond external financial reporting as COSO's ICIF points out.
- For more information and to download a free copy of Achieving Effective Internal Control over Sustainability Reporting (ICSR): Building Trust and Confidence through the COSO Internal Control―Integrated Framework, please visit www.coso.org .