Instructor for this course

When the Committee of Sponsoring Organizations (COSO) released the COSO 2013 Framework, they specifically stated their intent that the framework be utilized for more than just Internal Control Over Financial Reporting (ICFR). Many companies have undergone and completed the mapping processes for the 17 principles to the ICFR controls.  They must now examine how the framework can move into the operational stage.

Much has changed since 1992 when the COSO Framework was originally issued. Market globalization has become the norm, expectations for governance and risk management have soared in the wake of corporate scandals such as Enron and WorldCom, and laws, regulations and standards for conducting business have increased exponentially.

While the 2013 COSO Internal Control Framework retains the core components you are familiar with there is an increased focus on non-financial controls and reporting objectives.  No longer is it acceptable to ignore operations in regards to the COSO framework.  Today, the concepts and principles of COSO 2013 must be applied across the entire organization.  However, applying these concepts across operations and compliance has proven to be very challenging for many organizations.


This course will examine the COSO attributes and 17 components and speak to what procedures need to be considered to move the framework to an operational stage that also addresses compliance issues (far beyond internal control over financial reporting (ICFR). We will examine how organizations can apply the 17 new principles outlined in the 2013 COSO framework within their business. We will take our discussion far beyond financial reporting. 

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 driving force behind the 2013 Committee of Sponsoring Organizations (COSO) Internal Control Framework and suggested applications beyond Internal Control Over Financial Reporting (ICFR).
  • Discover the benefits of applying the COSO framework to the entire organization.
  • Identify each of the COSO attributes and principles and recognize their application to operational and compliance processes.
Last updated/reviewed: November 24, 2019

12 Reviews (35 ratings)Reviews

Anonymous Author
This Certification program is one of the best I have ever taken. Thank you very much Lynn. The most valuable part is many real life examples from Lynn's personal experience. I cannot stress it enough how great this program is.
Anonymous Author
Wow! What a great course - the dynamic application of COSO outside of the world of public accounting! Great job Lynn Fountain on broadening the concept of control beyond the financial implications!
Anonymous Author
Great course framework with practical examples and discussion of what happens in practice. Written materials and audio were complementary and consistent, not duplicative or overly redundant.
Anonymous Author
This provides a good introduction on moving COSO down through the organization. Working for a company the manufactures food items, I see the importance of what was taught in this course.
Anonymous Author
This course is packed full of information. The slides contain enough detail information to avoid excessive note taking.
Anonymous Author
Reinforces understanding of the previous 5 webinars on 5 COSO components. The slides contain very useful information.
Anonymous Author
Recommend this course of COSO 2013 - Operational Execution cause its really add value to me
Anonymous Author
This course discusses how a company can operationalize and implement COSO.
Anonymous Author
As always Ms Fountain's course structure and presentation are excellent.
Anonymous Author
Well structured, well presented in a smart and comprehensive way!
Member's Profile
I love COSO 2013 and Lynn made me fall in love with it.
Anonymous Author
well thought out and acceptable for cpe review purposes


Course Complexity: Advanced

No Advanced Preparation or Prerequisites are needed for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
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 .
Course Syllabus
  6:26Introduction to Operationalizing COSO
Moving COSO to Operationalization Stage
  5:17Driving Force Behind Operationalizing COSO
  7:30Governance, Globalization and Business Models
  13:02Laws, Accountabilities, Fraud
  4:26COSO Principles: Application to Operation/Compliance Processes
  2:16Control Environment
  10:54Principle One and Two
  12:15Principles Three, Four and Five
  5:59Risk Assessment
  6:06Principles Six and Seven
  9:23Principle Eight
  4:34Principle Nine
  5:41Control Activities
  19:32Principle Ten
  12:21Principle Eleven
  11:43Information and Communication
  11:22Monitoring and Summary
  2:28:48Moving COSO to Operationalization Stage
  PDFSlides: Moving COSO to Operationalization Stage
  PDFMoving COSO to Operationalization Stage Glossary/Index