Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies. Address the following: Provide a brief history of COSO. Describe the five components and 17 principles of the COSO Framework. Review your company's "Management's Annual Report on Internal Control over Financial Reporting" and "Report of Independent Registered Public Accounting Firm" (usually found in Section 9A of the Form 10-K) and explain why these reports are necessary.

Answer rating: 100% (QA)

COSO is a voluntary and joint initiative of the 5 private sector organizations who are its sponsors namely AAA American Accounting Association AICPA American Institute of Certified Public Accountants ... View the full answer