Enterprise-class financial software company BlackLine Systems unveiled a COSO Jumpstart Solution to help companies comply with new guidelines set forth in the updated 2013 COSO Internal Control—Integrated Framework.
Released in 1992 by the Committee of Sponsoring Organizations of the Treadway Commission, the original version of the COSO Framework gained wide acceptance and is globally used a the de facto standard for designing, implementing and conducting internal controls and assessing the effectiveness of those controls within large organizations. Internal controls guidelines in the updated framework will supersede their predecessors this December.
The BlackLine COSO Jumpstart Solution has a customized COSO template and will feature import files, specialized templates, pre-populated check lists including auditor tasks and best practices guidelines designed to help companies implement the updated framework before the old guidelines expire.
BlackLine is offering a special promotion to the first 100 companies that sign up to use the COSO Jumpstart Solution, which includes complimentary implementation and six months of complimentary use of the task management module in BlackLine’s flagship Financial Close Suite.
“Sometimes when new rules and standards go into effect, the hardest thing for companies is figuring out how and where to start to bring current controls, processes and procedures up to meet the new requirements,” stated BlackLine Systems CEO Therese Tucker. “Within the BlackLine Tasks module, we’re basically providing all the tools companies need to get started – organizing the work that needs to be done by providing simple, easy-to-follow instructions and automated workflow.”
BlackLine is teaming with client company Cox Communications and Certified Implementation Partner firm UHY Advisors to host a June 12 webinar “Clearing up the COSO Confusion: How to Adopt the New Framework.” More information is available here.