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Academic Access to COSO Frameworks Benefits Professors and Students Alike

As part of its educational mission, the American Accounting Association (AAA) in a joint initiative with The Committee of Sponsoring Organizations of the Treadway Commission (COSO), continues to provide online access to COSO’s frameworks and guidance to faculty and students at post-secondary academic institutions.

COSO believes that understanding its frameworks and guidance, including the Internal Control—Integrated Framework (2013) and how to use them, is of critical importance to organizations.

Preparing students to use tools and resources like the COSO Internal Control—Integrated Framework and Compendium Bundle, is part of developing the professional judgment and communication skills necessary for more efficient management, better understanding of enterprise risk, internal control, and fraud deterrence guidance.

With this project COSO is investing in education with long term goals of improving organizational performance, enhancing governance, and reducing the extent of fraud in organizations.

Webinars About COSO

Teaching COSO's Internal Control Framework:  Best Course Practices http://aaahq.org/Sections-Regions/Webinars/COSO-Webinar-6-28
Integrating COSO's Enterprise Risk Management Framework Into Our Classes  http://aaahq.org/Sections-Regions/Webinars/COSO-Webinar-9-20-16

How to get access

  • Enroll your Accounting or Business program for Academic Access by clicking here
  • As part of the enrollment process, you will pay the annual fee of $250 by credit card or check to
    provide access for all faculty and students through the 2017-2018 enrollment period to resources like the COSO Internal Control—Integrated Framework and Compendium Bundle.
  • Within 2 business days of enrolling, you will receive your faculty and student login credentials, and you will be able to sign on and begin using the COSO resources.

How it works

Annually, the AAA will generate two sets of login credentials that provide access to the COSO materials for each enrolled campus: one set is for faculty use and the other is for students. These login credentials are emailed to the department chair or authorized representative within 2 business days of enrolling in the COSO Academic Access program. The person who receives that email is responsible for disseminating these credentials exclusively to their faculty and students. Access will expire on August 31, 2018. Each year thereafter, program participants will receive a renewal notice with an option of either a July or September start date. Renewing schools will receive new passwords each year.

Posting this login information publicly where it would be available to others is prohibited (online or via hard copy).

See Policy for Acceptable Use of COSO Materials

About the COSO Framework and Compendium

Internal Control—Integrated Framework (2013) and Compendium Bundle

Issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the 2013 Internal Control–Integrated Framework (Framework) is expected to help organizations design and implement internal control in light of many changes in business and operating environments since the issuance of the original Framework in 1992. The new Framework retains the core definition of internal control and the five components of internal control, and it continues to emphasize the importance of management judgment in designing, implementing, and conducting a system of internal control, and in assessing its effectiveness. It broadens the application of internal control in addressing operations and reporting objectives, and clarifies the requirements for determining what constitutes effective internal control. The revised (2013) framework also includes 17 principles required for effective internal control as well as points of focus to provide helpful guidance.

Executive Summary — Provides a high-level overview and lays out the definition, and limitations, of internal control, and the requirements for an effective system of internal control, including a description of the roles of components and principles. It highlights several important enhancements and clarifications that are intended to ease use and application of the Framework.

Framework and Appendices — The Framework sets forth, and describes the five components and seventeen principles of a system of internal control, illustrates many approaches and examples relating to entity objectives, and provides direction for all levels of management to use in designing, implementing and conducting a system of internal control, and in assessing its effectiveness. The Appendices provide additional reference material, including a glossary of key terminology, a discussion of roles and responsibilities of both responsible and external parties, and more.

Illustrative Tools for Assessing a System of Internal Control (Tools) — The Tools provide illustrative templates and scenarios that may be useful in applying the Framework and assessing its effectiveness.

Internal Control Over External Financial Reporting: A Compendium of Approaches and Examples — This publication has been developed to assist
those users of the Internal Control – Integrated Framework (2013) who are responsible for designing, implementing, and conducting a system of internal control over external financial reporting that supports the preparation of financial statements and other external financial reporting.

Customizable templates

A link to an Excel file containing four different templates from the Illustrative Tools, including: Overall Assessment, Components, Principles, and Deficiencies.

About the Academic Access Program

In Spring 2016 as part of its educational mission, the American Accounting Association in a joint initiative with The Committee of Sponsoring Organizations of the Treadway Commission (COSO), began providing online access to COSO’s frameworks and guidance to faculty and students at post-secondary academic institutions.

Organizational Contact

Send your question(s) to marybeth.gripshover@aaahq.org or call Mary Beth Gripshover on her direct line 941-556-4116.



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