COSO Releases New Supplemental Guidance On Achieving Effective “Internal Control Over Sustainability Reporting” (ICSR)
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) today released a study with supplemental guidance for organisations entitled “Achieving Effective Internal Control of Sustainability Reporting (ICSR).” The guidance uses the globally recognized COSO Internal Control-Integrated Framework (ICIF) as its basis.
The new guidance, which expands on a previous COSO study from 2017, is particularly timely given the forthcoming final regulations on climate risk from the U.S. SEC and global standards from the International Sustainability Standards Board (ISSB).