Resources

The COSO Framework

COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission, a private-sector initiative focused on providing thought leadership on enterprise risk management, internal control, and fraud deterrence. The COSO Framework, developed by this committee, is a widely used model for organizations to design, implement, and assess the effectiveness of their internal control systems. 

Internal Controls Assessment

Internal Controls Assessment Basics

Each major business unit within UVA is responsible for the evaluation and continuous monitoring of the internal control environment. This includes ongoing assessment that the fiscal activities and work performed within the unit are following established procedures and best practices and are in compliance with the policies and guidance that govern the work.

2023 Internal Controls Assessment for Business Units Survey Questions