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Audit Committee Toolkit


The creation of an effective audit committee is an important way to enhance organisational governance and oversight. A widely used framework for internal controls is the COSO Internal Control — Integrated Framework developed by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission.

This toolkit uses the COSO Framework to provide guidance for audit committees to achieve effective internal control over financial reporting. The toolkit includes:
  • Internal control primer
  • Briefing on ICFR
  • Checklist of COSO Essentials for the Board

This CGMA tool was derived directly from Chapter 9 of The AICPA Audit Committee Toolkit: Private Companies, 2nd edition, 2014.  For the complete toolkit, click here.