The study is titled “Achieving Effective Internal Control over Sustainability Reporting (ICSR): Building Trust and Confidence through the COSO Internal Control―Integrated Framework”. It references and expands on a 2017 study by three of the co-authors, “Leveraging the COSO Internal Control—Integrated Framework to Improve Confidence in Sustainability Performance Data.”
The supplemental guidance points to key themes as organizations and practitioners begin or continue moving toward establishing and maintaining an effective system of internal control over financial and sustainable business information with the paper examining the experience from organizations that have implemented such practices.
The study explains and interprets each1of 7 principles in ICIF-2013 with “points of focus” from the ICIF included along with practical insights and application of the supplemental guidance.
The principal authors of this guidance are the following: *Robert Herz, former FASB chair, founding member of the IASB and former SASB Foundation board member; *Robert Hirth, senior managing director at Protiviti, former COSO Chair and former vice-chair of the SASB; *Douglas Hileman, consultant, ESG specialist, and member of [former] ESG Leadership Knowledge Group; *Shari H. Littan, IMA director, corporate reporting research and lhought Leadership; *Brad Monterio, IIA EVP of member competency and learning and member of the IFRS Foundation’s IRCC; and *Jeffrey C. Thomson, president and CEO of IMA and former COSO board member/lead director.