The Effectiveness of COSO Framework to Evaluate Internal Control System: The Case of Kurdistan Companies

The paper aims to evaluate the quality of internal control system in Kurdistan, using COSO framework. Since 2013, COSO framework has been prominent assessing, implementing, and evaluating the effectiveness of internal control. Therefore, there is a lack of COSO framework researches in Kurdistan. In this paper, the researchers address the level of deviation of internal control system in Kurdistan companies from COSO framework we evaluated this deviation by applying Lean Diagnoses Tool (LDT). We found that there is a gap between internal control system in Kurdistan companies and the requirements under COSO framework. COSO framework can be applied in Kurdistan companies if they enhance their internal control system according to international internal control standards.