COSO is important for auditors because it provides a sound basis for establishing internal control systems and determining their effectiveness. Auditors, we need your thoughts and input on internal controls through the COSSO exposure draft process. The new Framework is the brainchild of a much wider group that includes participants from various industry associations, academia, non-for-profit and government entities. It includes expanded discussion on governance, enhanced consideration of fraud, expanded financial reporting and increased discussion of extended business models.”]
Source: https://www.cuinfosecurity.com/blogs/whats-up-coso-p-1208