COSO Principles

The COSO Internal Control – Integrated Framework is one of the most widely used models for designing, implementing, and evaluating internal controls. Built around five key components and seventeen principles, COSO helps organizations strengthen risk management, ensure compliance, and improve operational efficiency.

See it in Action

Falconry360 enables organizations to align with COSO principles by providing a unified platform for managing risks, controls, and assurance. With Falconry360 you can:

Map risks and internal controls directly to COSO principles
Automate testing, evidence collection, and remediation tracking
Monitor internal control effectiveness across business units
Generate audit-ready reporting for regulators, boards, and stakeholders

Whether you’re building a new internal control system or enhancing existing frameworks, Falconry360 helps streamline adoption and ensure continuous improvement.

Modules That Power the Solution

Falconry360 brings compliance standards to life through its connected platform. Each module delivers critical capabilities to help you align with global and regional frameworks, automate controls, and maintain audit readiness.

FalconryERM

Govern smarter with risk registers, control libraries, and compliance frameworks.

Centralize enterprise risks and mitigation actions
Map and monitor compliance against local & global frameworks
Visual dashboards for risk scoring, controls, and reporting

FalconryCyber

Manage cybersecurity posture, PDPL readiness, & regulatory control alignment.

Align with ISO 27001, NCA ECC, and PDPL controls
Track gaps, threats, and third-party risks
Integrate cyber risk into your overall GRC view

FalconryResilience

Build continuity with BIA, BCP, DR, and crisis planning workflows.

Conduct BIAs and scenario assessments
Build and maintain site-specific BCPs
Track incidents and conduct crisis simulations

FalconryAudit

Streamline audit planning, testing, issue tracking, and reporting.

Maintain your audit universe with real-time engagement views
Track issues, observations, and recommendations
Generate audit reports with workflows and status tracking

FalconryCulture

Reinforce secure behavior, policy acknowledgment, and learning paths.

Track employee policy acknowledgment and completion
Deliver gamified microlearning and nudges
Monitor behavioral risk indicators and engagement

FalconryE&C

Operationalize ethics programs, conduct training, and role-based accountability.

Assign role-specific conduct training
Deploy whistleblower workflows and misconduct reporting
Maintain a culture of transparency and integrity

FAQs

What is COSO?
COSO (Committee of Sponsoring Organizations of the Treadway Commission) developed a widely adopted framework for internal controls and risk management.

What are the COSO principles?
COSO is structured around five components: Control Environment, Risk Assessment, Control Activities, Information & Communication, and Monitoring.

Who should adopt COSO?
Enterprises and firms seeking to strengthen governance, risk management, internal control, and fraud prevention.

Is COSO compliance mandatory?
Not legally mandatory, but it is considered a best practice and is often expected by regulators and auditors.

What are the benefits of COSO alignment?
Improved control effectiveness, fraud prevention, compliance assurance, and stakeholder confidence.

How does Falconry360 help with COSO?
By centralizing risks and controls, automating evidence collection, and providing dashboards aligned with COSO components.

Let Us Help

Falconry360 simplifies COSO alignment with an integrated solution to:

Map risks and controls to COSO principles
Automate testing and remediation workflows
Maintain continuous compliance and audit readiness

What is the Falconry360 Platform

Platform Suite

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Standard, Framework, or Regulation