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September 12, 2013
In May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released an updated version of its internal control framework (see my previous article “What CFOs Need To Know About COSO”). Companies have until Dec. 15, 2014 to transition from the 1992 framework to the new guidelines.
I spoke with J. Stephen McNally, CPA, chair of IMA’s COSO Advisory Panel and finance director and controller for Campbell Soup Company, about why the new framework is important and how organizations can ensure a smooth transition...Read More
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