The COSO framework focuses on effective internal control and reliable financial management. In The Fact Board, COSO is supported by a structured set of financial facts that provide insight into the performance and control of financial processes.
These facts include indicators such as revenue growth, operating margin, cost variance, cash flow from operations, and capital expenditures. In addition, operational financial controls are monitored through metrics like current ratio, days sales outstanding, days payable outstanding, budget accuracy, and financial close duration.
By managing these facts centrally, organizations gain transparency into financial performance and internal controls. This enables management to detect risks early, improve financial processes, and ensure that decision-making is supported by reliable, fact-based financial information.