Do you work for a publicly traded company that’s subject
to Sarbanes-Oxley Act (SOX) Section 404 compliance
requirements? If so, odds are high that you’re familiar
with the Internal Control—Integrated Framework that was
published in 1992 by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO). As
you know, SOX 404 requires management at public companies
like Campbell Soup to select an internal control
framework and then assess and report on the design and
operating effectiveness of their internal controls annually.
The majority of U.S. publicly traded companies have
adopted COSO’s 1992 Framework to do this.