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COSO To Provide Guidance For Blockchain Next Year

Ramsey Baker

Summary: The organization that advises on risk management practices is set to issue guidance for companies looking to apply internal controls to blockchain technology in the next year. Committee of Sponsoring Organizations of the Treadway Commission (COSO) is developing a voluntary guidance for companies that are looking to strengthen the oversight of their blockchain-technology projects. According ...

The organization that advises on risk management practices is set to issue guidance for companies looking to apply internal controls to blockchain technology in the next year.

Committee of Sponsoring Organizations of the Treadway Commission (COSO) is developing a voluntary guidance for companies that are looking to strengthen the oversight of their blockchain-technology projects.

According to Paul Sobel, COSO’s chairman, the guidance will be designed for executives in financial services as well as companies using blockchain technology in their supply chains.

By Ramsey Baker

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