Sunday, June 21, 2015

Remove the Silos

ISO 9001 revisions and COSO
can make allies of quality, finance
by Sandford Liebesman

The most significant and costly silos that exist in most organizations today are the ones representing finance and quality management.1

Two international standards—ISO 9001 and the Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) Internal Control—Integrated Framework2—influence the structure of these silos. COSO, as the document is known, was revised in 2012, while the 2015 revision of ISO 9001 is scheduled to be published later this year.

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