Internal Control — Integrated Framework

Committee of Sponsoring Organizations of the Treadway Commission (COSO). (2013). Internal Control — Integrated Framework.

Type

Report

Intellectual base

Grey literature

Year

2013

Link

https://www.coso.org/guidance-on-ic

Cited from

military_strategic_studies, operations_research

Cited by

4 citations across 4 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Defense In Depth
  • And in financial controls, it stacks separation of duties, approval limits, audit trails, reconciliation, and external audit.

    This sourceEstablishes layered internal controls — separation of duties, approval limits, reconciliation, audit — as independent safeguards against financial loss and fraud, so no single person controls an entire process.

• Parallel Independent Inspection
  • In auditing and finance, four-eyes rules, dual sign-off, and redundant financial-statement audit exploit the same mechanism.

Domain-specific

• Friction Budgeting
  • A typical configured workflow (Concur, Expensify, and similar) auto-approves reimbursements under a low threshold — say under $50 — with no human gate, while routing larger claims through required manager sign-off, and the largest through a second signature plus a justification memo and a settlement delay

    This sourceEstablishes value-tiered authorisation and approval as a standard control activity -- scrutiny and signature requirements scaled to the size and risk of the transaction, with low-value items cleared automatically to preserve reviewer capacity.

Mechanisms

• Governance Rule Revision
  • The safeguard that most often erodes is separation of duties: a re-delegation that lets the same party both authorize and execute a transaction restores speed and reintroduces fraud risk in one move.

    This sourceTreats separation of authorization and execution duties as a control that reduces fraud risk.

Verification

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Does it back the claim? Not recorded. Neither this nor any other of the 4 citations of this work carries a recorded support check.

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://www.coso.org/internal-control ×1

Registry ID ref:9667955bee46 · see in the full table