
Although there is improvement from last year (up from 63% in 2016), it is unclear why almost one-third of the companies are not using the new Framework.Īs illustrated below, the rate of adoption has slowed. Yet, only 70% of companies with management-only reports have adopted the 2013 Framework. In 2017, only two companies with audited ICFR opinions reported using the 1992 Framework (less than 1%), while an additional six did not identify the framework used. The original version, which was released in 1992, was superseded by the 2013 version – effective for fiscal years ended after December 15, 2014.Īs we approach the fourth anniversary of the implementation of the 2013 COSO Framework, adoption is nearly complete for companies with audited Internal Control over Financial Reporting (ICFR) opinions, though companies with management-only reports are still lagging.


On May 14, 2013, COSO released an updated version of its Internal Control – Integrated Framework.
