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