3.1 THE ROOTS OF COSO
(a) The Definition
3.2 COSO THE COMMITTEE AND COSO THE 1992 INTEGRATED CONTROL FRAMEWORK: HAVE THEY STOOD THE TEST OF TIME?
3.3 ACTUAL MARKET ACCEPTANCE OF THE COSO 1992 FRAMEWORK PRIOR TO SOX
3.4 EXPECTATIONS OF COSO ESCALATE OVERNIGHT
3.5 IS COSO 1992 FREE FROM BIAS?
3.6 DOES COSO 1992 PERMIT CONSISTENT QUANTITATIVE/QUALITATIVE MEASUREMENT?
3.7 IS COSO 1992 SUFFICIENTLY COMPLETE SO THAT RELEVANT FACTORS ARE NOT OMITTED?
3.8 IS COSO 1992 RELEVANT TO AN ANALYSIS OF CONTROLS OVER FINANCIAL REPORTING?
3.9 COSO: LOOKING FORWARD
The title of this chapter begs a question: What is "it"? Many think the term COSO refers to a now fairly dated four-volume control framework originally issued in 1992, titled Internal Control—Integrated Framework. Others know that COSO is the commonly used name for an unincorporated, loosely constituted private sector committee formed in the United States in 1985 in response to the savings and loan crisis. This chapter explores two important questions: