Baltimore, MD (PRWEB) January 07, 2014
SC&H Group has launched a new automated online assessment that helps organizations determine if they are meeting the controls requirements for the updated Committee of Sponsoring Organizations of the Treadway Commission (COSO) Framework.
In May 2013, COSO launched its enhanced Framework, which aims to help organizations mitigate the risks inherent in continuously changing technological, economic, and regulatory environments. Historically, public companies have used the 1992 COSO Framework.
SC&H Group’s new online “COSO Framework Assessment” Decisionaire will help companies understand key principles of the new framework. It also serves as a benchmark in assessing the effectiveness of an organization’s system of internal controls relative to the new Framework.
If implemented properly, the new COSO Framework can provide a solid foundation for developing and maintaining sound internal control practices to minimize the risk of asset misappropriation.
“Organizations should not wait any longer to determine if they are meeting all of the controls requirements under the new framework,” said Joe Freiburger, Director of Risk Management Services, SC&H Group. “Our new online assessment aims to help companies take the right steps to mitigate risk that is very common in today’s business environment.”
To take SC&H’s simple online assessment, click here.
About SC&H Group
SC&H Group, LLC is an audit, tax, and consulting firm applying “expertise that works” to minimize risk and maximize value. SC&H Group’s practices advise leading companies from emerging businesses to the Fortune 500 on accounting, tax, profitability and strategy solutions. Clients in all states and worldwide benefit from SC&H Group’s commitment to delivering powerful minds, passionate teams, and proven results on each and every engagement. http://www.scandh.com