New COSO guidance aids smaller public companies with internal controls.(Accounting & Auditing: Accounting & Auditing Briefs: COSO, GASB, SEC updates)

Leader's Edge, September, 2006

The Committee of Sponsoring Organizations of the Treadway Commission's (COSO's) highly anticipated Internal Control Over Financial Reporting--Guidance for Smaller Public Companies was released in July 2006. This small business guidance takes the concepts of the 1992 Internal Control--Integrated Framework and demonstrates their applicability for achieving financial reporting objectives of smaller publicly traded companies.

An Executive Summary of the guidance, an archived webcast and Frequently Asked Questions are available for free. Order the full guidance at cpa2biz.com.