COSO

Business & Finance abbreviation · Accounting

COSO stands for Committee of Sponsoring Organizations of the Treadway Commission, an accounting abbreviation.

Joint initiative of five US professional organizations that develops frameworks on internal control, enterprise risk management and fraud deterrence. Its Internal Control - Integrated Framework is the standard benchmark public companies use to evaluate controls under the Sarbanes-Oxley Act.

Example: Our control matrix maps every key control to the 17 principles in the 2013 COSO framework.

Usage notes

The five sponsors are the AICPA, the American Accounting Association, Financial Executives International, the Institute of Internal Auditors and the Institute of Management Accountants. COSO was formed in 1985 to support the National Commission on Fraudulent Financial Reporting, known as the Treadway Commission. The framework was first issued in 1992 and updated in 2013.

Related abbreviations

More accounting abbreviations

• CFS – Cash flow statement
• CM – Contribution margin
• COA – Chart of accounts
• COGM – Cost of goods manufactured
• COGS – Cost of goods sold
• COS – Cost of sales
• Cr – Credit
• CVP – Cost-volume-profit analysis
• CY – Calendar year
• D&A – Depreciation and amortization
• Dr – Debit
• DTA – Deferred tax asset

See all 95 accounting abbreviations →

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