09-15-2005, 03:48 PM
Yes you are right, in USA this framework has been applivable sinec 2003, and all the subsidaries of USA companies all over the world are also required to adopt the same faramework for the Internal Controls.
Further for your information SBP (State Bank of Pakistan) has also issued a SRO, thereby requiring all banks to adopt the COSO Framework and to be compliant with Internal Control reporting.
Further for your information SBP (State Bank of Pakistan) has also issued a SRO, thereby requiring all banks to adopt the COSO Framework and to be compliant with Internal Control reporting.