Why was the original 1992 COSO - Integrated Control framework updated in 2013?
A) Congress required COSO to modernize.
B) U.S. stock exchanges required more disclosure.
C) to more effectively address technological advancements
D) to comply with International accounting standards

Question

Quizplus · Accepted Answer

The original 1992 COSO - Integrated Control framework was updated in 2013 to more effectively address technological advancements. The update aimed to incorporate current business and operating environments, adapt to changes in technology, take into account new governance expectations, and address issues arising from high-profile incidents of fraud and misconduct.

Why Was the Original 1992 COSO - Integrated Control Framework