COSO Committee | American Accounting Association

2022-2023 COSO Committee

"The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a joint initiative of the five private sector organizations (AAA, AICPA, FEI, IMA and IIA) and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management, internal control and fraud deterrence."¹

Charge

The Committee of Sponsoring Organizations (COSO) will contribute as AAA members to the update of the COSO internal control framework.
The committee will also communicate as needed with AAA members to inform them of calls for input during the revision process and help familiarize AAA members with the final product.
The committee will continue until one year after the COSO update is completed.

Membership

New Committee members are appointed prior to the Annual Meeting by the AAA Management Team.
The committee size varies according to COSO projects and purposes.

Estimated Time Commitment

Committee Chair could expect to spend approximately 100-120 hours per year in years when no major framework revision is occurring and approximately 250-280 hours per year in years when a major framework revision is occurring.
Committee members could expect to spend approximately 15-20 hours per year with additional hours required as needed based on COSO-related activities.
The Committee meets as needed at the discretion of the Chair.

Responsibilities

Fulfill the committee charge as above.
If the Chair has any questions about the charge or responsibilities of this committee, s/he should contact the Chief Executive Officer, the President, or the committee’s Board of Directors Liaison.
The Chair must submit at least one report per year to the Board of Directors. This report should include accomplishments and suggested modifications and should be sent to the AAA President, the committee’s Board of Directors Liaison, and Governance Manager, Barbara Gutierrez (barbara.gutierrez@aaahq.org).

Members

Name / Affiliation	Contact	Term Length	Term Expires
Chair Doug Prawitt Brigham Young University	prawitt@byu.edu	1	08/2023
Mark Beasley North Carolina State University	mark_beasley@ncsu.edu	1	08/2023
Margaret Christ University of Georgia	mchrist@uga.edu	1	08/2023
Mark H. Taylor University of South Florida	markhtaylor@usf.edu	1	08/2023
Paul Walker St John's University	walkerp@stjohns.edu	1	08/2023
Board of Directors Liaison Mark Dawkins University of North Florida 2022-2023 AAA President	mark.dawkins@unf.edu

¹ http://www.coso.org/ accessed on June 12, 2014