I’m a committee member for two very different standards—ISO 9001 and the COSO internal control guidance document used to comply with the requirements of the Sarbanes-Oxley Act (SOX).¹  While these documents cover different activities in an organization, they share a need to update the current versions.

COSO is a management system that was originally developed in the 1980s in response to the savings and loan scandal.  It is used for internal control over operations and compliance to external financial reporting requirements.  COSO consists of five elements used to manage systems of internal control: Continue reading →