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 an overview of the important concepts of COSO 2013. You'll 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.

Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.

Note: The concepts outlined in this course are up to date and relevant in regards to the Sarbanes-Oxley legislation. Although there have not been any changes in the legislative concepts of the law since it’s release in 2002, some aspects of executing the work have evolved. This speaker is preparing a series of courses titled “Sarbanes-Oxley 20 years later”. Those courses can be found individually on the platform and would be beneficial for anyone involved with compliance.

Course Series

This course is included in the following series:

7 CoursesCOSO 2013

  1. COSO 2013 Overview
  2. COSO 2013 Control Environment
  3. COSO 2013 Risk Assessment
  4. COSO 2013 Control Activity
  5. COSO 2013 Information and Communication
  6. COSO 2013 Monitoring
  7. COSO 2013 - Operational Execution
Learning Objectives
  • Explore the definition of Internal Control (IC) and its importance in today’s business.
  • Explore reason for COSO update and dissect key changes.
  • Discover the basic tenants of Internal Control (IC).
  • Recognize the keys to the COSO 17 principles
  • Explore how to perform a needs impact assessment and compliance plan.
Last updated/reviewed: August 22, 2023

Included In Certifications

This course is included in the following Certification Programs:

16 CoursesSarbanes-Oxley (SOX) Certification

  1. Sarbanes Oxley Overview
  2. SOX: Authoritative Bodies
  3. Sarbanes-Oxley (SOX) Standards - Evolution
  4. Information Technology General Controls Primer
  5. COSO 2013 Overview
  6. Sarbanes-Oxley (SOX) Section 404
  7. Sarbanes-Oxley Section 302: ICFR
  8. Sarbanes-Oxley (SOX) And Fraud Sections
  9. Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 1
  10. Sarbanes-Oxley (SOX) - Top Down Risk Assessment Part 2
  11. Sarbanes-Oxley (SOX) - Entity Level Controls
  12. Sarbanes-Oxley (SOX) Identifying and Documenting Controls
  13. Sarbanes-Oxley (SOX) Testing
  14. Sarbanes-Oxley (SOX) - Assessing Data Impact
  15. XBRL - Connection to SOX 302/404 and Critical Roles
  16. Tools For Sarbanes-Oxley Compliance

28 CoursesInternal Controls and Internal Audit Certification

  1. Internal Audit Standards Overview
  2. Internal Audit Standards - Managing Internal Audit Work
  3. Internal Audit Standards - Executing the Audit Engagement
  4. Identifying and Implementing the Proper Balance of Internal Controls
  5. Documentation Methods For Internal Control Processes
  6. Segregation of Duties for Core Business Processes
  7. Foundations for a Strong Internal Audit Department
  8. Internal Audit Management - Top Skills
  9. Internal Audit: Keys to Managing an Effective Function
  10. Understanding Risk-Based Auditing
  11. Risk Based Auditing – Establishing a Methodology
  12. Risk Based Auditing – Applying the Methodology
  13. Cyber Risk Frameworks And Concepts
  14. Information Technology (IT) Controls in Emerging Business Environments
  15. Fraud Risk Assessments
  16. Professional Skepticism - Keys to Maintaining
  17. Introduction to Forensic Accounting
  18. The Fraud Triangle
  19. Internal Audit Effective Relations with the Audit Committee
  20. COSO 2013 Overview
  21. COSO 2013 - Operational Execution
  22. Internal Audit Emerging Risks for 2021 and Beyond - Part 1
  23. Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  24. Internal Audit Emerging Risks for 2021 and Beyond - Part 3
  25. Internal Audit Emerging Risks for 2021 and Beyond - Part 4
  26. Internal Audit Challenges During Times of COVID
  27. Tools for Internal Control Certificate
  28. Lessons of an Auditor- Tools for Internal Control Certificate
203 Reviews (698 ratings)

Reviews

5
Member's Profile
Excellent introduction to requirements under COSO 2013, including a history lesson on the original 1992 framework and a discussion of the improvements made under the updated framework. Look forward to examining the 5 components of internal control in more detail as I work through this series of courses.

4
Member's Profile
A trend with the SOX Certification is the need to see how to apply the components and principles to a specific department (Ex. Payroll). The information provided is very high level. You will still leave with more than what you started with..

5
Anonymous Author
Excellent course which explained the differences between COSO 1992 and COSO 2013. Nicely laid out reference materials. I like the way that Lynn listed the steps needed for the transition plan in an easy to understand manner.

5
Anonymous Author
It was very well structured, well-paced and easy to follow training course. Structuring the course in segments as well as offering a continuous play option is perfect for any learning style. The examples given were good.

5
Anonymous Author
I like the style of the material presentation, the slides are to the point. It is a very good introduction to COSO 2013 and useful to get a taste of what is coming in the individual framework components modules.

5
Member's Profile
Excellent introduction to COSO 2013. I really enjoyed this course, as it provided solid overview of Internal Control and COSO 1992, contrasted with the new concepts and requirements of COSO 2013.

5
Member's Profile
This is an excellent overview of the COS framework and establishing a framework for internal controls. It's useful even if you already have robust internal control policies and procedures.

4
Member's Profile
Good framework highlighting the changes of COSO 1992 to COSO 2013. The addition of monitoring and incorporation all overall enviroment and technology to the model made it more effective.

5
Anonymous Author
The course provided a good overview of the COSO framework and the elements associated with it. It also went into good detail explaining the updates from the original 1992 framework.

5
Member's Profile
It was a bit more difficult course, than it was before organized by the same author. Probably for the next time it would be good, if there will provided more slides of the topic.

5
Anonymous Author
The course was well-structured and clearly set out the differences between the 1992 and the 2013 framework. It provided a good insight to the key elements of the 2013 framework.

5
Member's Profile
Good overview of the COSO framework changes from 1992 to 2013. Very helpful for someone who has not been working in the Internal Audit field since the changes were introduced.

5
Anonymous Author
The course provides a great overview of COSO 2013 framework as well as the differences between the 1992 framework and the 2013 framework and reasons behind the updates made.

5
Member's Profile
Simple, easy to follow, and answers to quizzes and exams are provided. Some CPE training does not provide anything beyond the final score so you can not learn from mistakes.

4
Member's Profile
Nice overview of the 5 Components of Internal Control along with the 17 Principles. Good examples and explanations provided making it easier to understand and relate to.

5
Anonymous Author
Excellent articulation of COSO 2013 principles that have provided better practical linkage. Only one improvement recommended is to include some more specific examples

4
Anonymous Author
overview of COSO 2013 was another course I enjoyed. I thought the material provided was both informative and interesting. The course was expertly presented by Lynn.

4
Member's Profile
Not sure why a good class that lasts 1:26 minutes doesn't warrant 1.5 CPE hours. A CPE hour is 50 minutes. Clearly there are 1.5 hours here. Good class otherwise.

4
Member's Profile
The instructor did a nice job in explaining the subject matter. She used examples that were understandable and has a good knowledge regarding history on the subject.

5
Anonymous Author
The session on the COSO framework and underlying principles was detailed and gave me a better understanding in assessing, designing and monitoring internal controls.

5
Member's Profile
Thanks for putting together a great overview of the COSO 2013 framework. This definitely increases my appreciation for internal controls including SOX compliance.

5
Member's Profile
This overview allow to understand the change between COSO 1992 and 2013 version as well as the benefits and challenges of internal control in the organization.

5
Member's Profile
Great overview! I can now talk intelligently with our Chief Audit Officer about what is changing and what stays the same, and how to apply the 17 principles.

5
Anonymous Author
I found this course to be an excellent source of information related to the differences in COSO 2013. It was detailed enough without being overly dry.

3
Anonymous Author
This course effectively explains COSO and each of the key principles that were implemented. This is a great course for introducing the key concepts

5
Anonymous Author
COSO 2013 Framework Requirements and Implementation Overview provided me with the necessary overview to work with management in the design of IC's.

4
Anonymous Author
I wasn't too familiar with COSO, so this course what an excellent overview. I really enjoyed that a high level overview was given of COSO 1992.

5
Anonymous Author
Lynn is one of the best instructors and she did it again in this training. Throughout and provide students with a great overview of COGS 2013.

4
Anonymous Author
It's helpful to understand the history of the COSO framework and the timeline of the updates to evolve with the changing business environment.

5
Anonymous Author
I enjoyed the simplistic and straight- forward way of teaching the material. I took away that management is responsible for setting controls.

3
Anonymous Author
It was a good overview of what changed from COSO 1992 to 2013. However, considering it is now 2020 it may be time to refresh this course.

5
Member's Profile
Fantastic overview of COSO 2013. Great background information on the original COSO and its purpose and why and how it was updated in 2013.

5
Anonymous Author
Great course explaining the important 2013 updates in the framework and also explaining what did not change compared to the 1992 framework.

5
Member's Profile
brief but thorough explanation of COSO framework, very helpful to get a general understanding of relevant principals and SOX compliance

4
Member's Profile
I was familiar with the original model but this overview helped me to understand the 17 principles that now accompany the 5 attributes.

4
Member's Profile
Example can be added value in this section to provide more clarity which can be more beneficial for the learners to understand easily.

5
Anonymous Author
Good course on basics of the framework. Provides an excellent overview for anyone getting started and unfamiliar with SOX and COSO.

5
Member's Profile
It is quite helpful to have the overview of internal control, especially the keys of COSO 17 principles in the new update of COSO2013.

4
Anonymous Author
The concepts are well explained in the session. Although this was just an overview but it covered all the key areas defined in COSO.

5
Anonymous Author
Good course that covers the subject comprehensively. I do think the test should have been a little more focused on principles, etc.

5
Anonymous Author
good overview of COSO framework. I like that it covers the initial document and then focuses on the changes done with the update.

5
Member's Profile
Very nice and effective course. Great learning experience. Go through the course to enhance your knowledge on COSO 2013 framework.

4
Member's Profile
Course was good and time was right. However, the survey functionality is not working. I have had to take the survey 5 times.

5
Member's Profile
The comparisons between the 1992 Framework and the 2013 Framework were well demonstrated in the presentation. Thank you, Lynn.

3
Member's Profile
While this was an overview, more details and better examples would have made this more effective. It was a bit too high-level.

4
Member's Profile
This course gives a good detailed overview of COSO 2013. If you are not familiar with COSO 2013, then this course is for you.

4
Member's Profile
Good to understand 17 principles in the COSO 2013. Hope to understand the operationalization by watching other related videos

5
Anonymous Author
I found this course to be very comprehensive and informative. I know have a better understanding of COSO and it's principles.

4
Anonymous Author
This course provides a good understanding of COSO and the benefits of a well thought out and implemented control environment.

5
Anonymous Author
A very high quality course and materials that far exceeds the cost. I'd recommend the course and overall service to others.

5
Member's Profile
The over view as a good way to start. Definitely has me excited about all the following courses I will be taking. Thanks

3
Member's Profile
Course provides good background information for context to COSO as well as comparison to 1992 and 2013 COSO framework.

5
Anonymous Author
Very easy and straight forward. I was able to understand and easily retain in order to use in a real-world environment.

5
Member's Profile
Surprised at length of presentation for 1 CPE. Thorough coverage, good presentation, but think worth more than 1 CPE.

5
Anonymous Author
This course was challenging yet informative, and I am glad I was able to increase my level of knowledge in this area.

5
Anonymous Author
Great course to refresh knowledge on COSO 1992 and 2013. Details the reasons for the updates and significant changes.

5
Member's Profile
Give a good summary of the 17 principles and their Points of Focus, and a good introduction to the next COSO courses.

5
Member's Profile
very good material impactful website dense material presented in an understandable format. slides are very useful

5
Member's Profile
It's explained the importance of COSO with the 17 new principles. COSO is vital to any organization internal controls.

5
Anonymous Author
It briefly discusses the basic changes from the old and the new COSO Framework and basic principles that underlie it

5
Anonymous Author
A good overview and primer on COSO 2013, what's new and what has changed. Concise yet informative. Very well done.

5
Anonymous Author
I liked that the instructor included a video of herself with the slides and she did not just read from the cards.

5
Anonymous Author
Great overview of the concepts of COSO 2013. Perhaps provide more quick examples for each component or principle.

5
Member's Profile
Content was well presented and instructor was knowledgeable. Course is good for a general understanding of COSO.

4
Good review in depth of the topic. Helps to understand the evolution of COSO to what we're implementing today.

5
Anonymous Author
This was good, basic overview of the COSO 2013 updates. Would recommend to anyone new to the COSO requirements.

3
Anonymous Author
good good good good good good good good good good good good good good good good good good good good good good

4
Anonymous Author
Loved the comment about employees should understand the difference between a task and the intent of a control.

5
Anonymous Author
Well structured and organized course. The instructor explained everything very clearly. Interesting course.

5
Anonymous Author
liked the short segments; made it easy to stop and then return to the course later. teacher was succient.

5
Anonymous Author
Great presentation about the COSO framework as a whole, as well as detail explanations of its components.

5
Anonymous Author
I didn't understand why this course only qualified for 1 hour of continuing education. Good information.

5
Anonymous Author
Another complete overview of the components of the COSO framework. Good for any employee to understand.

5
Member's Profile
Good overview of COSO 2013 and presentation is concise in summarizing the updates and key changes.

4
Anonymous Author
The course is refreshing. Nothing surprised me. New auditors will benefit a lot from this training.

5
Anonymous Author
Very useful and meaningful course. It’s highly recommended for professionals to take this course.

5
Anonymous Author
This was a good refresher of COSO framework and clearly described changes from previous framework.

4
Member's Profile
Good easy to follow course. Helpful and a good refresher on COSO and the changes with COSO 2013.

4
Anonymous Author
This was a good first course to get an overview with sufficient level of details at this point.

5
Member's Profile
It is has given me a better understanding of Internal control.I also understand COSO better now.

5
Anonymous Author
This course was excellent and provided important information that I will utilize in the future.

5
Anonymous Author
Very good overview of the COSO framework, changes versus the 1992 framework and key concepts.

5
Anonymous Author
This course provides an overview of the COSO framework and the components associated with it.

4
Member's Profile
Course was very well prepared, containing good explanation of each individual COSO component.

5
Member's Profile
good explanation about the basics of coso that we should know before starting working on it.

3
Anonymous Author
This course 'COSO 2013 Overview' gives an overview of COSO 2013 and its evolution from 1992.

5
Anonymous Author
This was a good summary of the updated framework. The organization of the material was good.

3
Member's Profile
Good and short explanation. The way she presented is good, but there is no deep explanation.

4
Member's Profile
Very interesting course. Good description of differences between 1992 and 2013 standards.

5
Anonymous Author
This is a very interesting course on COSO 2013 and internal controls presented very clearly.

5
Member's Profile
Great course related to the COSO Framework and highlighting the changes in the newest update

4
Member's Profile
It was a great summary about COSO and presented the changes COSO had throughout the years.

4
Anonymous Author
A bit redundant but still a valuable and insightful discussion of the refreshed framework.

4
Anonymous Author
The course was beneficial to gaining a better understanding of the COSO framework updates.

5
Anonymous Author
Course was comprehensive and thorough. Lynn is a great presenter. Slides were helpful.

5
Anonymous Author
Good overview of COSO framework and components. Instructions were clear and to the point.

5
Member's Profile
Great overview of COSO 2013 and how management is responsible for their internal controls.

5
Anonymous Author
Amazing course. Very straightforward material with clear explanation about COSO evolution.

4
Anonymous Author
A good overview of COSO 2013 and the key changes from the 1992 framework to that of 2013.

5
Member's Profile
The Course was easy to understand and follow. It provided a deeper understanding of COSO

5
Anonymous Author
Great course overview on COSO. Exploring the nuances of the 17 principles was valuable.

5
Member's Profile
the course was very insightful and its very applicable to my technology area of practice

4
Member's Profile
This course helped me to understand COSO and what changes there were in the 2013 update

5
Anonymous Author
Ms. Fountain does a great job of explaining COSO and how it impacts Internal controls.

5
Member's Profile
Very good material serves as a refresher for internal controls framework and principles

5
Member's Profile
This course was helpful in identifying key changes in COSO and applying those changes.

5
Member's Profile
I enjoyed the format of presentation and was able to absorb the material effectively.

4
Member's Profile
This helped to identify the key changes with COSO and the reasons for those changes.

4
Member's Profile
The course provided enough specifics to enhance comprehension of material covered.

5
Anonymous Author
Great understanding on the COSO 2013 changes, good material and relevant knowledge

5
Member's Profile
This course was a wonderful refresher. The instructor provides reliable content.

4
Member's Profile
Good introduction to COSO 2013 and the updates from the original COSO framework.

4
Anonymous Author
Good materials along with clear explanation..some area may not require more time

5
Member's Profile
this was a great course. I enjoyed the instructor, and it was clear and concise

4
Anonymous Author
The detailed presentation of the COSO framework is very informative and useful.

5
Member's Profile
Perfect for an introduction. To the point but with clarity and easy to follow

5
Anonymous Author
It is a great course! It provides the comprehensive review of COSO standards.

4
Member's Profile
Course Materials were explained well that helps to understand this COSO ideas.

5
Anonymous Author
This is a good overview of COSO framework and how to apply it in businesses.

5
Anonymous Author
The outline of COSO and the changes between 1992 and 2013 was well laid out.

4
Anonymous Author
Good overview and provides an understanding of the key elements and changes.

3
Anonymous Author
This course is a good refresher to focus again on the basics of SOX and COSO

5
Anonymous Author
It is always good to learn more about COSO and the changing environment.

5
Member's Profile
This facilitator is wonderful. So much knowledge. Great refresher for me.

4
Anonymous Author
very succinct and well put together. very succinct and well put together.

4
Anonymous Author
Good overview information provided of the important concepts of COSO 2013

4
Member's Profile
More specific examples would be helpful, some areas were a bit drawn out

4
Anonymous Author
Good course of COSO 2013 overview that help me to apply it in right way.

4
Member's Profile
This was a very good course that I will be able to refer to in my work.

5
Anonymous Author
Excellent evaluation of the COSO 2013 framework and changes from 1992.

5
Anonymous Author
Great references and material. Well explained and useful information.

5
Anonymous Author
Helpful going over each of the 5 components and the related principles

5
Anonymous Author
A very good overview of COSO 2013 and its predecessor 1992 framework.

5
Member's Profile
very well explained contents and examples that defines the concepts,

4
Member's Profile
I thought the course should have been worth more than just one CPE.

4
Anonymous Author
Good overview. I would have liked a bit more on the 17 principles.

4
Member's Profile
I would definitely like to recommend the course to all my collogue

5
Anonymous Author
COSO 2013 was a great introduction and highlighted all the changes

5
Anonymous Author
This course provide a great comparison between COSO 1992 and 2013,

5
Anonymous Author
Very well organized course that helps expand understanding of COSO

5
Member's Profile
Very clear presentation of the topic, easy to follow and digest.

5
Anonymous Author
Thanks for the update on the COSO 2013 framework. Decent course!

5
Member's Profile
All her courses are great. Abrief history of the COSO framework.

5
Anonymous Author
Concise and easy to follow description / overview of transition.

4
Anonymous Author
Good overview of COSO 2013 that's easy to understand and follow.

5
Member's Profile
I liked having the supporting docs, i.e. PDF's to write notes.

4
Member's Profile
Please reveal the answers we got wrong after passing the exam.

5
Member's Profile
Very understandable! I highly encourage taking this course.

5
Anonymous Author
I always enjoy Lynn's courses. A good overview of COSO 2013.

5
Member's Profile
Comprehensive Guided Tour through the Coso Framework changes.

5
Anonymous Author
It's going to help when my company set up internal controls.

5
Anonymous Author
Outstanding, Understandable, Meaningfull, Worth the learning

5
Member's Profile
great review, I learned a lot about COSO and the principles

5
Anonymous Author
COSO 2013 Overview is an excellent overview. Please watch.

3
Anonymous Author
Good course. Increased the understanding about the concept.

3
Member's Profile
Great review and refresher of the framework for COSO 2013

4
Anonymous Author
Good for high level understanding of the changes to COSO

5
Anonymous Author
Very well done. The course effectively covers COSO 2013.

5
Member's Profile
Interesting topic. Very specific and clear information.

5
Anonymous Author
Great high level overview of changes in the framework.

5
Member's Profile
Great compare and contrast COSO 1992 versus COSO 2013.

5
Member's Profile
Great lecturer. Clearly presented material. Live it ;)

5
Anonymous Author
Very informative overview of the 2013 COSO framework.

5
Anonymous Author
Very easy to follow, good content on the COSO update!

4
Member's Profile
it was good........................................

5
Member's Profile
Easy to follow, on-topic, provides a good overview.

4
Anonymous Author
This course provides a great overview of COSO 2013

5
Anonymous Author
This course is informative regarding COSO changes.

5
Member's Profile
Thorough and clear presentation of the concepts!

5
Member's Profile
Excellent overview of the latest update to COSO

4
Member's Profile
great concise summary, good flow of information

4
Anonymous Author
Helpful refresher and foundation for COSO.

5
Member's Profile
It's been great learning about frameworks

4
Anonymous Author
Really useful overview of COSO 2013

5
Member's Profile
very well summarized and explained

5
Anonymous Author
Great overview, very informative.

Member's Profile
Very good overview of COSO2013

5
Anonymous Author
Nice organization of content.

4
Member's Profile
Much better than anticipated.

5
Member's Profile
Good overview on COSO 2013

4
Anonymous Author
It was a very good course

5
Anonymous Author
Great info on COSO FR&IO

5
Member's Profile
Good information...

5
Anonymous Author
good introduction

5
Member's Profile
Very good course

4
Anonymous Author
Good Information

5
Member's Profile
Great overview.

4
Anonymous Author
Origin of COSO

5
Anonymous Author
Good summary.

4
Anonymous Author
Good overview.

4
Anonymous Author
Good course!!

5
Anonymous Author
Nice overview

5
Anonymous Author
Great course!

5
Member's Profile
Great course

5
Anonymous Author
Informative.

5
Anonymous Author
good course

5
Anonymous Author
Very clear

5
Member's Profile
interesting

4
Anonymous Author
Good

4
Member's Profile
Good

4
Anonymous Author
blah

3
Anonymous Author
Fine

Member's Profile
3/5

Prerequisites
Course Complexity: Intermediate

Prerequisite: Exposure to risk management

  • This is the beginning overview course for individuals to gain a baseline understanding of the new requirements of COSO 2013 and how they compare to COSO 1992.
  • Individuals should have a basic understanding of the COSO framework, COSO organization and its application of use. 

Advanced Preparation: None

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
INTRODUCTION AND OVERVIEW
Framework Requirements & Implementation Overview
  Definition and Benefits of IC6:37
  IC Basic Tenets 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
CONCLUSION
  Summary2:43
Continuous Play
  COSO 2013 Overview Continuous Play1:27:44
SUPPORTING MATERIALS
  Slides: COSO 2013 OverviewPDF
  COSO 2013 Overview Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam