U.S. government agency that establishes and enforces accounting and auditing policy. See http://www.sec.gov/divisions/enforce/friactions.shtml for accounting and auditing enforcement lawsuits.
This act "mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud, and created the "Public Company Accounting Oversight Board."
COSO seeks to "provide thought leadership dealing with three interrelated subjects: enterprise risk management (ERM), internal control, and fraud deterrence."