The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has issued its first update to the seminal 1992 guidance on internal control.
I’d encourage you to review the exposure draft at: http://www.ic.coso.org/pages/exposure-draft.aspx and to provide your comments to the Committee before the final version is issued.
COSO has retained the five components of control and has added 17 principles that support each of the components. The following chart shows the 17 principles:
