[Verse 1]
Twenty-thirteen brought structure to the maze
Internal control with three objectives blazing trails
Reliable reports, compliance checks, operations smooth
While twenty-seventeen expanded what we choose
Strategic vision, appetite for calculated chance
Two frameworks dancing in a governance dance
[Chorus]
Execution layer meets the strategy sphere
COSO frameworks harmonizing crystal clear
Three objectives grounded, five components strong
Taxonomy aligned where both belong
Internal control foundation, ERM elevation
Building bridges through coordinated integration
[Verse 2]
Seventeen components in the IC design
Control environment sets the disciplined baseline
Risk assessment identifies what could derail
Information flows and monitoring never fail
Communication weaves through every structured tier
Control activities make the boundaries appear
[Chorus]
Execution layer meets the strategy sphere
COSO frameworks harmonizing crystal clear
Three objectives grounded, five components strong
Taxonomy aligned where both belong
Internal control foundation, ERM elevation
Building bridges through coordinated integration
[Bridge]
Don't duplicate the governance machinery
Risk taxonomies speaking same vocabulary
Reporting mechanisms streamlined and refined
Entity layer, strategic layer, execution combined
Portfolio perspective meets operational precision
Coherent architecture drives every decision
[Verse 3]
Operational effectiveness keeps the engine running
Compliance adherence, no regulatory shunning
Financial reporting builds the trusted narrative
While ERM selects the strategic alternative
Appetite boundaries guide the entity course
Two frameworks unified become a stronger force
[Chorus]
Execution layer meets the strategy sphere
COSO frameworks harmonizing crystal clear
Three objectives grounded, five components strong
Taxonomy aligned where both belong
Internal control foundation, ERM elevation
Building bridges through coordinated integration
[Outro]
Implementation wisdom knows the vital truth
Align the structures, integrate the proof
COSO twenty-thirteen and seventeen
Working together in the risk machine