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The most significant recommendation was to establish a language of internal control. This recommendation led to the creation of a report in 1992 entitled Internal

The most significant recommendation was to establish a language of internal control. This recommendation led to the creation of a report in 1992 entitled Internal Control an Integrated Framework. This report is often referred to as COSO. The COSO report did not have a significant impact until the passage of Sarbanes Oxley (SOX) in 2002, which required a control criteria for reporting on the internal controls over the financial reporting process

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