Save time, empower your teams and effectively upgrade your processes with access to this practical COSO Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any COSO related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated COSO specific requirements:
STEP 1: Get your bearings
- The latest quick edition of the COSO Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals...
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 996 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which COSO improvements can be made.
Examples; 10 of the 996 standard requirements:
- Are your organizations efforts to adapt current internal audit, risk management, compliance and financial reporting practices to the principles within the new COSO framework sufficient?
- Has your organization established and communicated clear ownership of and accountability for the collection, validation, and reporting/communication of key sustainability information?
- Do you ensure enterprise user account access is effectively logged to aid in the real-time monitoring and alerting of excess privilege, policy violations, and anomalous behavior?
- Are the board and executive management familiar with ESG-related risks that may impact your organizations ability to achieve its corporate strategy now and in the future?
- Do your organizations policies include succession plans for senior executives and contingency plans for assignments of responsibilities important for internal control?
- Is your organizational structure appropriate for the size and operating practices of your organization to enable management to carry out oversight responsibilities?
- Are the definitions and specific expectations associated with core values clearly defined and articulated so there is common understanding across your organization?
- Are the board and executive management supportive in strengthening the current internal control environment in order to successfully handle growth and complexity?
- Does your organizations structure and tone at the top help establish and enforce individual accountability for performance of internal control responsibilities?
- Are audit personnel or other internal control experts involved in control considerations when your organization is developing new products and activities?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the COSO book in PDF containing 996 requirements, which criteria correspond to the criteria in...
Your COSO self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the COSO Self-Assessment and Scorecard you will develop a clear picture of which COSO areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough COSO Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage COSO projects with the 62 implementation resources:
- 62 step-by-step COSO Project Management Form Templates covering over 1500 COSO project requirements and success criteria:
Examples; 10 of the check box criteria:
- Human Resource Management Plan: Are there dependencies with other initiatives or COSO projects?
- Probability and Impact Assessment: Assuming that you have identified a number of risks in the COSO project, how would you prioritize them?
- Activity Duration Estimates: Do an internet search on earning pmp certification. be sure to search for yahoo groups related to this topic. what are the options you found to help people prepare for the exam?
- Procurement Management Plan: Is there a formal set of procedures supporting Issues Management?
- Procurement Audit: Are there established procedures for dealing with and documenting non-performance and return of goods?
- Cost Management Plan: Are target dates established for each milestone deliverable?
- Activity Duration Estimates: What is the BEST thing for the COSO project manager to do?
- Procurement Audit: When you set social or environmental conditions for the performance of the contract, were corresponding compatible with the law and was adequate information given to the candidates?
- Risk Management Plan: Is the customer technically sophisticated in the product area?
- Risk Management Plan: Methodology: how will risk management be performed on this COSO project?
Step-by-step and complete COSO Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 COSO project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 COSO project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 COSO project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 COSO project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 COSO project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 COSO project or Phase Close-Out
- 5.4 Lessons Learned
With this Three Step process you will have all the tools you need for any COSO project with this in-depth COSO Toolkit.
In using the Toolkit you will be better able to:
- Diagnose COSO projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in COSO and put process design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make COSO investments work better.
This COSO All-Inclusive Toolkit enables You to be that person.
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.