About IMA®

Committee of Sponsoring Organizations (COSO)

IMA is a founding sponsor of the Committee of Sponsoring Organizations (COSO).

COSO was formed in 1985 to sponsor the National Commission on Fraudulent Financial Reporting, an independent private-sector initiative which studied the causal factors that can lead to fraudulent financial reporting. It also developed recommendations for public companies and their independent auditors, for the SEC and other regulators, and for educational institutions.

The National Commission was sponsored jointly by IMA and four other major professional associations headquartered in the United States: the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), and The Institute of Internal Auditors (IIA). Wholly independent of each of the sponsoring organizations, the Commission contained representatives from industry, public accounting, investment firms, and the New York Stock Exchange.

The original chairman of the National Commission was James C. Treadway, Jr., Executive Vice President and General Counsel, Paine Webber Incorporated and a former Commissioner of the U.S. Securities and Exchange Commission. Hence, the popular name "Treadway Commission."

IMA is an active participant in the activities of COSO, and there are regular opportunities for IMA members to contribute to discussion documents guiding the statements of the organization.

To view the COSO website visit www.coso.org.

For inquiries about IMA's work with COSO, please contact:
Linda Devonish - Mills, CMA,CPA
Director, Technical Activities
+1 (201) 474-1645

Committee of Sponsoring Organizations (COSO)

November 05, 2014

COSO Announces Online Survey for ERM Update

October 21, 2014

COSO Announces Project to Update Enterprise Risk Management-Integrated Framework

February 10, 2014

COSO Releases New Thought Leader Paper Demonstrating How Frameworks Improve Organizational Performance and Governance

May 14, 2013

COSO's release of an updated Internal Control - Integrated Framework and related Illustrative Documents

November 27, 2012

Committee of Sponsoring Organizations Public Release: Internal Controls Integrated Framework

March 01, 2012

Byline by J. Stephen McNally, CPA in Accountancy - COSO ICIF Refresh

March 01, 2012

Byline by Kristine Brands, CMA, CPA in CFO.com - What's Missing from COSO's New Internal-Control Guidance

February 01, 2012

Byline by Mitch Roop in Business Finance - Ethical Guidance for a New Business Landscape

January 20, 2012

COSO's thought paper on risk appetite

December 19, 2011

COSO has released for public comment and updated Internal Control - Integrated Framework

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