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. 

“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”.

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: August 7, 2023

Included In Certifications

This course is included in the following Certification Programs:

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
19 Reviews (77 ratings)


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 provides a good understanding of why good internal controls are important but also how to determine implementing complete operational internal control functions.

Anonymous Author
Implementation of controls in a wise and methodological way would benefit each and every company. Good presentation on the topic.

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.

Member's Profile
This course was extremely helpful in refreshing my information on COSO 2013 framework and its related key concepts.

Anonymous Author
This course demonstrated practical applications to COSO! Thank you for providing real-life examples.

Anonymous Author
This is a refreshing course on COSO. Nothing surprised me. This will be beneficial to beginners.

Anonymous Author
Recommend this course of COSO 2013 - Operational Execution cause its really add value to me

Anonymous Author
Its good to revisit the principles and how they apply from this perspective. Good overview.

Anonymous Author
This course provides a good overview of the importance of operationalizing COSO.

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
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 to Operationalizing COSO5:28
Moving COSO to Operationalization Stage
  Driving Force Behind Operationalizing COSO5:17
  Governance, Globalization and Business Models7:30
  Laws, Accountabilities, Fraud13:02
  COSO Principles: Application to Operation/Compliance Processes4:26
  Control Environment2:16
  Principle One and Two10:54
  Principles Three, Four and Five12:15
  Risk Assessment5:59
  Principles Six and Seven6:06
  Principle Eight9:23
  Principle Nine4:34
  Control Activities5:41
  Principle Ten19:32
  Principle Eleven12:21
  Information and Communication11:43
  Monitoring and Summary11:22
  Moving COSO to Operationalization Stage2:27:50
  Slides: Moving COSO to Operationalization StagePDF
  Moving COSO to Operationalization Stage Glossary/IndexPDF