Coso guidance under review

CORPORATE GOVERNANCE

Developed by Coso, working with a team from Grant Thornton, the new guidance was designed to help companies monitor the quality of their internal control systems, particularly if they were seeking to comply with Sarbanes-Oxley's (Sox) Section 404. It was published in September 2007, but the month-long comment period was extended as more feedback came in from the industry.

"The thrust of the guidance was good," says Peter Brady, principal in the process and controls practice of Ernst & Young's

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