The Green Book - Standards for Internal Control
Description
The GAO Green Book sets standards for internal controls that align with the most popular control model in the United States, the COSO model. In this course, we will discuss the five components of internal control and the seventeen underlying principles. To make these concepts come alive, I've filled this course with stories, analogies, and practical advice. We will also see how these standards are referenced in the Yellow Book and discuss the internal control requirements for performance auditors as per the 2024 Yellow Book. My goal is to not only help you understand these standards but also to see how they can be applied in real-world situations.
This course is also included in our Yellow Book Standards for Performance Auditors Bundle.
Course Objectives
Identify differences between components of internal control
Distinguish between preventative, detective and corrective controls
Identify the reasons why most governmental organizations do not achieve the ideal internal control structure described by the Green Book
Identify management’s responses to the identified risks
Program level: Basic
Instructional method: Video
Category of study: Auditing (Governmental)
Who should attend: Auditors and managers of government programs
CPE Credit Hours: 2
Instructor: Parker Skaats, CPA
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