GAO Green Book Standards

The seminar reviews the following:

• The Components of the GAO Green Book
• Logic presented by the GAO Green Book Components
• The structure used to describe the GAO Green Book Framework
• The 17 Principles are now present in the GAO Green Book Framework
• The importance of the "52 Attributes"
• How to gage the effectiveness of internal controls
• How to build a "Culture of Compliance

Attendees will learn how to:

• Define the "internal control framework" within an organization using the GAO Green Book framework
• Describe the GAO Green Book standard and its documents to agency management
• Position themselves to begin planning their continuous improvement of the GAO Green Book based internal control program.
• Assure they can work to be insync with Uniform Administrative Rules Section 200.303
• Understand the gaps and bias in GAO Green Book compliance framework

Section 1 - Internal Control Concepts

• Why a "Framework of Internal Controls"
• COSO 2013 Heritage
• Components - Principles - Attributes
• What is the GAO Green Book and how is it used?

Section 2 - Overview - Components, Principles and Attributes

• Pareto's Law
• 17 Principles of the GAO Green Book standard

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
• GAO 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 with the GAO Green Book standard

This CPE event "GAO Green Book Standards" is a comprehensive overview of the Government Accountability Office (GAO) Green Book, with a specific focus on its significance in establishing and maintaining effective internal control within the federal government.

This educational initiative aims to provide attendees with an in-depth understanding of the principles outlined in the GAO Green Book, emphasizing their role in enhancing accountability, transparency, and operational efficiency within governmental entities.

Through an in-depth analysis of compliance requirements and best practices tailored to the unique needs of government professionals, this event seeks to empower attendees with actionable insights to navigate the complex landscape of governmental compliance and risk management.

Attendees can expect to delve into critical topics such as risk assessment, control activities, information and communication, monitoring activities, and the integration of the GAO Green Book standards into organizational practices.

By addressing these key areas, the event endeavors to foster genuine connections with attendees by providing transparent, insightful content that resonates with their unique needs in the realm of governmental compliance.

For those looking to delve deeper into the GAO Green Book standards, we recommend exploring authoritative sources such as the Government Accountability Office (GAO) publications, the Institute of Internal Auditors (IIA) resources, and U.S. Government Publishing Office federal regulations and guidelines. These resources offer valuable insights into internal control standards and their application in the federal context.

Here are relevant sources along with their web links:

• Government Accountability Office (GAO) - Green Book: Standards for Internal Control in the Federal Government
  • The GAO Green Book presents standards for internal control in the federal government, offering comprehensive guidance on the design, implementation, and evaluation of internal control systems. Exploring this resource can provide a deeper understanding of internal control standards and their application in the federal context.
• Standards for Internal Control in the Federal Government: 2024 Exposure Draft The GAO "Green Book"—Standards for Internal Control in the Federal Government 2024—provides the framework for establishing and maintaining an effective internal control system. Internal control is a process designed to help an entity achieve its objectives.
• The Institute of Internal Auditors (IIA) - Resources for Internal Control and Compliance
  • The IIA offers a wealth of resources related to internal control and compliance, including articles, research papers, and insights into best practices. Engaging with these resources can further augment your understanding of internal control principles as outlined in the GAO Green Book.
• U.S. Government Publishing Office - Federal Regulations and Guidelines
  • The U.S. Government Publishing Office provides access to federal regulations and guidelines, serving as a valuable reference for professionals seeking to delve into the regulatory framework that aligns with the principles articulated in the GAO Green Book.

By leveraging these authoritative sources, attendees can enhance their knowledge and expertise in compliance and internal control standards as delineated in the GAO Green Book, thereby fostering a more comprehensive grasp of the subject matter.