Sustainable Business Management Shared Interest Group

I'm the IMA's COSO Board Member.  I'm very interested in this group's feedback on the COSO ICSR Guidance  (719ba0_0b33989b84454d1682399ab5c71e49cb.pdf (coso.org)).   It was published in March 2023 which seems quite recent, but Sustainability is a very fast moving and developing area.  For those unaware, IMA had the lead in creating this piece of COSO Guidance.

Have you read the document?

Have you used it in practice?

What about the guidance worked well for you?   What did not work well?

What needs updated?

You can answer all or any of these questions.  I'd appreciate the feedback.

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Larry White CMA,CFM,CSCA
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Hi Larry,

It's great to know about the sustainability and other controls related information through this document. Thanks for sharing the same.

Thanks and Regards,

Niraimathi V, CMA 

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Niraimathi V CMA
Analyst
Chennai TN
India
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Thank you for pointing this document out Larry! It was a great initiative of IMA and COSO to connect the framework with sustainable business practices. Wat the strenght of this document is to me is that it connects an existing, well-known and well-used framework with sustainable business practices. This integration is essential for sustainable business management, as that needs to be part of your practices (and not a separate function or activity). 

I've definitely read it and used it in classrooms to point out how these go hand in hand.

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Dr. Brigitte de Graaff LLM CMA CSCA
Vice-President Amsterdam Chapter
Vrije Universiteit Amsterdam
Netherlands
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Hi Larry,

Thank you for sharing the file. ICSR will go along with ICFR in the further internal control. 

Kind regards,

Stella

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Stella Ping LU
Group Finance Controller
Abu Dhabi, UAE
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