It's been more than 20 years since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released its Internal Control—Integrated Framework (the original framework). The original framework is widely accepted as a leading framework for designing, implementing, and conducting internal control and assessing the effectiveness of internal control. Since then, technology has drastically changed the business operating environment and the associated risks. In May 2013, the COSO foundation released an update to the framework.

The framework was updated due to global economic changes, enhanced information technology and increased shareholder expectations. Professionals must obtain a basic understanding of the concepts, principles and potential impact, including changes from the 1992 framework and the key COSO components and 17 principles. This course provides a comprehensive overview of the important concepts of COSO 2013, including framework requirements and implementation, control environment compliance, risk assessment, and complying with information, communication, and monitoring components. You learn about the important changes in the COSO framework and explore opportunities for management to place a renewed focus on internal control and enhance and solidify their Sarbanes-Oxley attestation.

“Citations of information on the COSO framework, principles and points of focus mentioned through this course are directly worded from the COSO literature and relayed here with the permission of COSO.org as a training mechanism related to their framework. The full document of the Framework can be found at COSO.org”.

Last updated/reviewed: March 28, 2024

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesManagement Oversight, Analysis and Internal Controls Certification

  1. Management Internal Control Essentials
  2. Comprehensive Examination of COSO 2013: Components and Principles
  3. Keys to an Effective Code of Conduct
  4. Fraud Risk Assessments
  5. Enterprise Risk Management 101
  6. Identifying and Implementing the Proper Balance of Internal Controls
  7. Information Technology (IT) Controls in Emerging Business Environments
  8. Analyzing Financial Ratios - Solvency, Liquidity and Debt
  9. Analyzing Financial Ratios - Leverage
  10. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  11. Keys to Understanding Conflicts of Interest
  12. Documentation Methods For Internal Control Processes
  13. Segregation of Duties for Core Business Processes
  14. Professional Skepticism - Keys to Maintaining
  15. Whistleblower Hotlines - Effective Management
85 Reviews (342 ratings)

Reviews

4
Member's Profile
This was a great comprehensive view of COSO. The teacher did a great job explaining why the principles and components of the framework are critical to companies today and also provided background of items that had changed between the original 1992 framework and the "new" 2013 standards. There was a lot of information covered in this class, but it was presented well and organized into sections which was helpful in the learning process.

5
Anonymous Author
This is quite a bit of information and time. I think one should/could earn more than 10 credits for the time and effort. Very comprehensive outline of COSO and updated framework, and the review and final exams were ensured that one did read and understood the framework, principles and point of focus activities. Awesome.

5
Member's Profile
This was a great course to review all aspects of internal controls. Specifically the utilization of COSO in the modern workday and how the components and their corresponding principles and points of focus can extend the operations of business and beyond internal controls over financial reporting.

5
Member's Profile
Although I am not involved in audit activities in my current job, this course helped me to understand the control environment and control activities as the relate to my job. Ms. Fountain gave excellent examples that helped to clarify the concepts being discussed. Thank you.

5
Member's Profile
This is a comprehensive course on COSO concepts and principles. It was a lot of information to digest but instructor broke it down in blocks and made easier to understand. My favorite part is the summary section at the end of each block, very helpful.

3
Member's Profile
A hard course. So much information to digest. Maybe because it was my first serious exposure to this information, it was hard for me to answer many of the multiple choice questions because two possible answers seemed do close to being right.

4
Anonymous Author
I found it helpful .

4
Anonymous Author
the course is very difficult, and it took me more than 7 hours to understand what was taught in the course. But after all I successfully passed the exam, which gave me a relief!Thanks for Ms.Lynn' great work!

5
Anonymous Author
Excellent course - This was a good refresher for me as an audit supervisor. I actually learned some new things specifically about the points of focus. I also learned more about the history and changes of COSO.

5
Anonymous Author
A very detailed and insightful course on the COSO Framework. The instructor makes the long course exciting and manageable. Anyone that deals with internal controls should take this course, which is everyone!

4
Anonymous Author
The course provided the critial information required to gain an understanding of COSO 2013 as opposed to the 1992 version. However, it was a lot of information to cover and retain in the planned period.

3
Anonymous Author
The information was good but I think they piece were broken down too much. Have 2 min and even less classes made it very cumbersome and stopped the flow of the class. But the data was great.

5
Member's Profile
this course was very good to help understand how to apply internal controls over operations and financial reporting. It was very good to understand the 17 principles and the points of focus.

5
Member's Profile
The course provided a lot of great information as to why COSO was updated in 2013 and how it was updated. It provided good advice on how to implement COSO guidelines in your organization.

5
Anonymous Author
Good discussion of the topic and of the changes made to the framework. The field of study is Gov't Auditing so that is also helpful for auditors needing hours that qualify for GAGAS.

4
Anonymous Author
This course provides great detail on COSO Framework. It helps to have a knowledge of internal controls as it all comes together here. Good documentation and great instruction.

5
Member's Profile
This was a good but difficult course. There is a lot of material and I don't know if it would be beneficial or possible to split it up. The instructor was enjoyable.

5
Member's Profile
I enjoyed this course. I feel like everyone in our profession would benefit from this course. Very informative and an important part of a foundation for a business.

5
Anonymous Author
Another great course from Lynn! With a lot of real life examples it has the highest possible value. The course is a very good introduction to COSO and good refresher.

5
Member's Profile
Awesome! Very thorough but not overwhelming. It provided me the tools I need to communicate to the management at my company about how important COSO is.

5
Member's Profile
The control environment training was really thorough and very applicable to my current position. Thank you for reviewing all of these key concepts.

5
Anonymous Author
It's a good course for both beginners of COSO and those who need a refresher. It can be more concise, but then we can all use the extra CPE credits.

5
Anonymous Author
This course is a great course for anyone wanting to learn more about COSO. It was a great refresher and was laid out in an easy to follow format.

4
Member's Profile
It was a good course, but wished the supplemental materials was in one slide deck (instead of several), and were as comprehensive as the videos.

5
Member's Profile
Excellent course and material. The course was very detailed and increased my knowledge significantly. It would strongly recommend this course.

5
Anonymous Author
The comprehensive examination of COSO 2013 provided a good refresher on why there was an update and what the differences are compared to 1992.

5
Member's Profile
This course was a good overview of COSO 2013 and provides enough detail to help establish a COSO framework for your company. Very well done.

4
Member's Profile
Great perspective on a difficult to get our arms around concept. Appreciate the update on the new COSO in easy to see and understand course.

5
Member's Profile
thank you for all this information and was a great topic and very important and we dealt almost every day in all level on the organizations

5
Anonymous Author
The comprehensive COSO 2013 seminar was outstanding. The objectives were more than met and the supporting materials are very instructive.

5
Anonymous Author
Felt this course was a good basic understanding of Coso and how it should be implemented in operations and throughout an organization.

5
Anonymous Author
Very meaty and in-depth course. Lots of good material and questions to consider when establishing and reviewing controls. Thank you.

4
Member's Profile
Very comprenhensive review of the COSO model. I liked the author gave many real examples of how to apply COSO in an organization.

5
Anonymous Author
I learned a lot about internal controls that I was not aware of. The principles outlined will be beneficial in my line of work.

4
Member's Profile
A comprehensive overview, and worthwhile to anyone who needs to be concerned about internal control - that's not just auditors!

5
Anonymous Author
Very through look at COSO and its application by management, auditors, and organizations as it relates to internal control.

5
Anonymous Author
This course was a great refresher on the new COSO Framework, the 5 components and 17 principles. Great content and materials.

5
Member's Profile
Very comprehensive look into COSO and internal controls. This was a helpful reminder of the importance of internal controls.

5
Member's Profile
This instructor is excellent! I really felt like I gained a lot of knowledge with this course without being overwhelmed!

5
Member's Profile
The course was very comprehensive and covered a wide variety of topics related to COSO. It was a good refresher course.

5
Member's Profile
I thought the information was organzied in a great way and easy to follow and understand and effectively take the exam.

5
Member's Profile
Understanding COSO and the related principles, as well as POF is a great help to my profession as an internal auditor.

5
Member's Profile
I really enjoyed revisiting the COSO principles and look forward to utilizing them in my day to day responsibilities.

5
Anonymous Author
Great refresher on the COSO framework and the organizational impact of implementing its principles/points of focus.

5
Member's Profile
Very informative class of risks and management considerations. I highly recommend for anyone needing a refresher.

4
Anonymous Author
Great instructor. She is very knowledgeable. I have taken most of classes and really enjoy her teachings style.

4
Anonymous Author
The class was very informative and provided a lot of insight. I will use what I learned in my current job.

5
Anonymous Author
Very interesting material. The facilitator is very knowledgeable and makes the material very interesting.

5
Anonymous Author
Great COSO review. I liked the way the course was structured. The length of the material was adequate.

5
Member's Profile
This applies to the work I am doing now. I will use the new items I learned in my everyday projects.

5
Anonymous Author
This COSO course was very informative - I learned so much that I did not know. I recommend to anyone

5
Anonymous Author
This was a great overview of COSO 2013 including how to move COSO to the operationalization stage.

5
Anonymous Author
An excellent class and reinforced my belief that internal controls are not just to pass an audit!!!

5
Member's Profile
Excellent recap of COSO 2013 and the changes since the 1992 framework came out.

5
Anonymous Author
Very thorough and easy to understand course and instructor. The use of examples was very helpful.

5
Anonymous Author
A lot of information to digest, but presented in a way to make it applicable and understandable.

5
Member's Profile
I thought the course was very done well. Thank you for the information. Keep on , keeping on.

5
Member's Profile
This webinar was very educational. Thank you for extending this opportunity to me. Thanks.

5
Anonymous Author
The course was presented in a progressive and logical manner, making the test easy to pass.

4
Member's Profile
This was too much information at once. The test should have been broken out by session.

5
Anonymous Author
Super thorough course material combined with real life experience. Highly recommend.

5
Anonymous Author
Very comprehensive course which identifies the key changes to the COSO framework.

4
Anonymous Author
Slides were very helpful in following this course. Will keep them for future use.

5
Anonymous Author
Very detailed and comprehensive. I enjoyed it and recommend it to every Auditor.

5
Anonymous Author
Very detailed course on the COSO framework and its importance to organizations.

5
Anonymous Author
Course is extremely useful in the details it provides for compliance purposes.

4
Member's Profile
Great course, good overview of new material and refresher on older material.

5
Member's Profile
Wonderful overview of COSO including all relevant changes in the 2013 version

4
Member's Profile
Excellent review on COSO 2013 and its relevance in today's IT driven world.

5
Anonymous Author
Good course... covers all elements very well in enough detail to understand

5
Anonymous Author
Lots of good information in this presentation. Very thorough and detailed.

5
Anonymous Author
Very detailed course, but well done. Great presentation and information.

5
Anonymous Author
A highly comprehensive COSO review. The trainer was awesome throughout.

5
Member's Profile
Very good detailed summary of all aspects of the new COSO framework.

4
Anonymous Author
Good overview of the new Coso environment that we should consider.

5
Member's Profile
Course met all stated objectives and instructor was very detailed.

3
Anonymous Author
works well for my continuing cpe requirements for me cpa and cia

4
Anonymous Author
The topic was a bit overwhelming, but it is very comprehensive.

5
Anonymous Author
great course and passed on 1st try will recommend give it a try

5
Anonymous Author
Clear information about the main ideas addressed in COSO 2013.

3
Member's Profile
An appropriate recap of fundamental concepts about the topic.

5
Anonymous Author
Covered the subject extensively and in an interesting manner.

5
Member's Profile
Great PDF Handouts to use to reflect back on the course.

5
Member's Profile
Very informative and detailed. Highly recommended.

5
Anonymous Author
Great material

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
COSO 2013 Framework Requirements & Implementation
  Introduction to COSO 20133:29
  Definition and Benefits of IC6:37
  IC Basic Tenants 8:23
  COSO 2013 Benefits and Challenges2:42
  Basic Framework9:46
  COSO Update and Key Changes13:45
  Keys to COSO 17 Principles2:33
  Control Environment 7:13
  Risk Assessment 5:15
  Control Activities7:14
  Monitoring2:38
  Framework Application4:52
  Needs Impact and Compliance Plan3:14
  Compliance7:19
  Summary2:43
COSO 2013 Control Environment Compliance
  Introduction to Requirements for the Control Environment3:05
  Defining The Control Environment7:26
  Control Environment Attributes16:10
  Control Environment Principles 1 - 519:25
  Mapping CE Principles5:43
  Methods of Evaluation and Course Summary8:37
COSO 2013 Risk Assessment Compliance
  Introduction to The Risk Assessment Attribute3:49
  Principles and Components of Risk Assessment14:52
  A Closer look at Principle 616:04
  A Closer Look at Principle 78:28
  A Closer Look at Principle 810:05
  Principle 9 and Course Summary8:38
COSO 2013 Control Activity Compliance
  Introduction to the Control Activity Attribute1:32
  Defining Control Activities17:27
  Control Activity Principles2:50
  Principle 108:39
  Principle 11 4:30
  Principle 129:18
  Mapping CE Principles and Course Summary6:29
COSO 2013 Requirements for Information & Communica
  Introduction to Information & Communication2:05
  Defining Information and Communication10:23
  Information and Communication Principles18:24
  Points of Focus that Support the I&C Principles12:23
  Understanding How to Utilize the POF in Your Transition Process5:45
  Course Conclusion and Summary6:08
COSO 2013 Requirements for Monitoring Component
  Introduction to the Monitoring Component of Coso 20133:44
  Defining Monitoring 10:20
  Monitoring Principles3:25
  Principle 1624:38
  Principle 1712:38
  Monitoring as a Support for other COSO Components and Conclusion8:50
Moving COSO to Operationalization Stage
  Introduction to Operationalizing COSO6:26
  Driving Force Behind Operationalizing COSO5:17
  Governance, Globalization and Business Models7:30
  Laws, Accountabilities, Fraud13:02
  COSO Principles: Application to Operation/Compliance Processes4:26
  Control Environment2:16
  Principle One and Two10:54
  Principles Three, Four and Five12:15
  Risk Assessment 5:59
  Principles Six and Seven6:06
  Principle Eight9:23
  Principle Nine4:34
  Control Activities5:41
  Principle Ten19:32
  Principle Eleven12:21
  Information and Communication Principles11:43
  Monitoring and Summary11:22
Continuous Plays
  COSO 2013 Framework Requirements & Implementation Overview Continuous Play1:27:43
  COSO 2013 Control Environment Compliance Continuous Play1:01:42
  COSO 2013 Risk Assessment Compliance Continuous Play1:02:56
  COSO 2013 Control Activity Compliance Continuous Play53:29
  COSO 2013 Requirements for Complying with the Information & Communication Component Continuous Play58:46
  COSO 2013: Requirements for Complying with the Monitoring Component of COSO Continuous Play1:05:16
  Moving COSO to Operationalization Stage Continuous Play2:28:48
SUPPORTING MATERIALS
  Slides, Glossary/Index, Supporting Materials All Cost Courses.ZIP
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam