What does the acronym COSO stand for?

The acronym COSO stands for "Committee of Sponsoring Organizations." This organization is well-known for its role in establishing frameworks and guidance on enterprise risk management, internal control, and fraud deterrence. The COSO framework is widely adopted across various industries to improve organizational performance and governance, making it a cornerstone for any fraud examiner’s understanding of internal controls and risk management processes. Understanding COSO’s principles helps professionals in the field to enhance their fraud prevention efforts and evaluate the effectiveness of an organization’s internal control system comprehensively.