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The GAO Green Book Standards

Biweekly on Mondays at 10:00 a.m. Central Time in one four hour CPE event

"A Practical Approach to Internal Controls!"

The Green Book sets the standards for an effective internal control system for federal agencies and is a crucial safeguard over public resources. State, local, and quasi-governmental entities, as well as not-for-profit organizations, may adopt the new Green Book standards as a framework for an internal control system.

This four hour CPE event provides an overview of the principles-based Green Book and of a system of internal controls which uses COSO 2013 framework as its basis. COSO 2013 defines internal controls as being within five components and seventeen principles.

 

The education process covers the interrelationships presented within the COSO 2013 framework and how to approach the classification of controls within the framework. The Green Book has a different focus for compliance within the COSO framework in line within the governmental environment needs.

This online event provides an overview of the GAO Green Book and how to address compliance with it.

This 4 CPE event is for government professionals and auditors. Attendees are not required to have a detailed knowledge of operations, risks, controls, auditing, compliance or The Green Book.

 

However, by the end of the class, each attendee should absorb an understanding of these areas, as well as how to apply the updated Green Book controls and principles to a governmental organization and Yellow Book audits.

Our seminars are as entertaining as they are informative. Sit back and enjoy; be engaged and educated in a casual atmosphere of information exchange. We will not bore you!

This timely CPE event is designed for the CFO, Controller, CAO, internal control specialist, CFE, internal auditor and others who have to create an effective Green Book compliance program for a Federal agency.

 

The cost of this internal control  training course is $240.00 for the first attendee from a single organization.

Each attendee will receive 4 CPEs Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 4, based on 50 minutes of instruction per hour

CPE Event Highlights

The seminar reviews the following:

  • The Components of the Green Book

  • Logic presented by the Green Book Components

  • The structure used to describe the Green Book Framework

  • The 17 Principles are now present in the Green Book Framework

  • The importance of the "52 Attributes"

  • How to gage the effectiveness of internal controls

  • How to build a "Culture of Compliance

 

Learning Objectives

Attendees will learn how to:

  • Define the "internal control framework" within an organization

  • Describe The Green Book standard and its documents to management

  • Position themselves to begin planning their conversion to the new Green Book standard

  • Assure they can work to be insync with Uniform Administrative Rules Section 200.303

  • Understand the gaps and shortcomings in Green Book compliance

 

Key Items on the Agenda

Section 1 - Internal Control Concepts

  • Why a "Framework of Internal Controls"

  • COSO 2013 Heritage

  • Components - Principles - Attributes

  • What is the Green Book and how is it used?

Section 2 - Overview - Components, Principles and Attributes

  • Pareto's Law

  • 17 Principles of the Green Book

Section 3 - Management Evaluation

  • Evaluation of Internal Control

  • Design - Implementation - Operation Stages

  • Maturity Model Evaluation

Section 4 - Control Environment

  • Tone at the Top

  • Principles 1-5

  • Green Book Questionnaire

Section 5 - Risk Assessment

  • Risk assessment and the audit of internal control

  • Selecting controls to audit

  • Testing management review controls

  • IT considerations

  • Roll forward of controls

  • Using the work of others

  • Evaluating identified control deficiencies

Section 6 - Entity-Level - Risk Assessment

  • Specifies suitable objectives

  • Identifies and analyses risk

  • Assesses fraud risk

  • Significant change

Section 7 - Entity-Level - Control Environment

  • Integrity and ethical values

  • Oversight responsibilities

  • Structure, authority and responsibility

  • Commitment to competence

  • Accountability

  • How to build a "Culture of Compliance"

Section 8 - Entity-Level: Supporting Components

  • Control activities

  • Information and communication

  • Whistleblower controls

  • Monitoring activities

Section 9 - Business Process Documentation

  • Categorizing controls

  • Business process documentation

Section 10 - Going Forward