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Corporate Compliance Report
With recent incidents of fraud and inside trading, the business world has gained renewed interest and emphasis on corporate governance and regulatory compliance. Organizations have taken more serious measures to establish enterprise risk management plans to avert, identify, and manage risks and exposures. Recent corporate scandals such as those of Enron, WorldCom, and even with Martha Stewart, tougher governance standards are set in place to minimize errors and loss through proactive measures.
This paper will attempt to educate the readers on the importance of internal controls and submit a proposal to minimize enterprise risks by applying the principles or recommendations of the Committee of Sponsoring Organization of the Treadway Commission (COSO). Furthermore, this paper will discuss the relations of Sarbanes-Oxley with the COSO initiative.
Overview of COSO
In 1985 five professional accounting organizations came together to discuss the......

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Approximate Word Count: 2729
Approximate Pages: 11 (250 words per double-spaced page)

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