The Committee of Sponsoring Organizations of the Treadway Commission, commonly known as COSO, is an organization that provides a framework for organizations to improve their internal controls and risk management processes. Established in 1985, COSO aims to enhance the quality of financial reporting and reduce the risk of fraud. COSO is best known for its Internal Control - Integrated Framework, which outlines essential components of effective internal control systems. This framework helps organizations ensure compliance with laws and regulations, safeguard assets, and achieve operational efficiency, ultimately supporting better decision-making and accountability.