COSO Testing

Looking for assurance of complete and accurate financial reporting? Assess your process with this template to ensure appropriate and effective controls are in place.
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Meet COSO guidelines and build confidence in your internal controls over financial reporting.

The procedures for reviewing the design and effectiveness of Internal Controls over Financial Reporting (ICFR) as governed by the COSO model are all in one place with this template from AuditNet®. The COSO model spans the control environment, risk assessment processes, dissemination of information and communication, and monitoring of the controls by management. For each of the COSO sections, the template contains detailed test steps, as well as proposed attributes your audit team can leverage.

Key Features
  • Defined audit procedures
  • Prepopulated audit test steps for each identified audit procedure
  • Ability to track progress for each procedure
  • Dynamic format, with the ability to add or remove procedures

COSO Testing is the property of AuditNet®. 

Workiva disclaims all warranties as to the accuracy, completeness or adequacy of information contained in the AuditNet® COSO Testing, or for interpretations thereof. Workiva accepts no liability or responsibility to the user for the selection of materials from the AuditNet® content or for reliance by any user or reader of such information.

Compatible Solutions
To use this item, your organization needs to have purchased one of the following solutions.
Audit Management
Support and Documentation
Last updated 6/4/2021 (Release Notes)

Frequently Asked Questions

Yes, the template is fully editable.

No, this template is only available for the Audit workspace. We are working on generating SOX/Controls Management templates.

Yes, you can access additional audit templates from AuditNet. Please click on the following page for details:, or reach out to your Customer Success Manager for assistance.

Yes, the template can be downloaded as an .xlsx document and shared. Please click on the following link for more details:

Fit for Purpose Solutions
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