Continuing COSO’s focus on improving Section 404 compliance, COSO Guidance on Monitoring Internal Controls provides extensive guidance on the monitoring component of internal control over financial reporting, building on the guidance provided in the original 1992 COSO internal control framework. Effective monitoring is implemented to help ensure that internal control continues to operate effectively. It is part of management’s responsibility under Section 404. This guidance will likely be of interest to all public companies, large and small. COSO’s monitoring guidance is not superseded by the 2013 COSO framework.