The policyIQ Team was joined by Senior Practice Director of RGP’s Governance Risk & Compliance (GRC) practice, Les Sussman, to discuss how the updated COSO framework will impact companies and, specifically, policyIQ clients or prospects. Mr. Sussman recaptured the highlights from a webinar that he co-presented with RGP’s Global Managing Director of the Finance & Accounting practice, Shauna Watson. Their session, “Effective Transition to the 2013 COSO Framework and SOX Compliance”, drew more than a thousand registrants and received great reviews for addressing considerations that have not been discussed in other COSO-related sessions.
With a diverse audience of current policyIQ users and many participants who are not currently using policyIQ, we took time to introduce some highlights of policyIQ. We went on to demonstrate how easily and quickly we amended our policyIQ configuration to accommodate the updated 2013 COSO Internal Control – Integrated Framework.
RGP recommends that companies employ both a top down and a bottom up approach to mapping Principles and Controls to one another. We discussed this and how policyIQ reports can be applied to make quick work of mapping, gap analysis, control rationalization and reporting to the Audit Committee and External Auditors.
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