Achieving Effective Internal Control over Sustainability Reporting (ICSR): Building Trust and Confidence in Sustainable Business Information Through the COSO Internal Control-Integrated Framework
Effective internal controls can help organizations articulate its purpose, set its objectives and strategy, and grow on a sustained basis with confidence and integrity in all types of information. This publication provides interpretative guidance based on the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control—Integrated Framework. It demonstrates how internal controls have value beyond compliance and external financial reporting and are applicable to an organization’s sustainable business activities and information.
The paper updates and expands on the 2017 study Leveraging the COSO Internal Control—Integrated Framework. Building sustainable businesses and ESG reporting are now top of mind for a wide range of stakeholders including CEOs, senior management, corporate boards, investors, employees, customers, regulators, and the global community. As more companies implement new structures, controls, and processes over the collection, review, and reporting of sustainability information, this publication can bring valuable, practical how-to knowledge to accountants and finance professionals in business as well as to their counterparts in sustainability, risk management, legal, operations, human resources, and internal audit functions.