Action Item for Smaller Reporting Companies – Update Review of Internal Controls to COSO 2013

By: Daniele Ouellette Levy  In response to the requirements of SOX 404, a majority of public companies adopted the 1992 framework prepare by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to assess the design and effectiveness of their internal controls over financial reporting.  Effective as of December 14, 2014, COSO no longer makes …

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