Implementing Committee of Sponsoring Organizations of the Treadway Commission (COSO) 17 Principles in Audit

Event: ASEAN Internal Audit Network Inaugural Meeting

Implementing Committee of Sponsoring Organizations of the Treadway Commission (COSO) 17 Principles in Audit

22 July 2016

Author / Speaker:

Mars Medrano, ADB - Other materials by the author

Julie Calingo, ADB - Other materials by the author

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Internal control and fraud deterrence are needed in ensuring efficiency within ADB.

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released the updated Internal Control—Integrated Framework or COSO 2013 with new 17 principles. Immediately after, ADB’s Office of the Auditor General then formed an internal COSO 2013 Working Group.

OAG has listed the benefits and challenges of COSO 2013 experienced within ADB.

Geographical Focus:

Global

Type of Content:

Learning Event

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