GAO Green Book Compliance Academy

The seminar reviews the following:

• The Components of COSO
• Logic presented by the COSO Components
• The structure used to describe the COSO Framework as used in The Green Book
• Principles present in The Green Book Framework
• The "Attributes" in The Green Book vs the "Points of Focus" in COSO 2013
• The importance of the "Attributes"
• How to gage the effectiveness of internal controls

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 plan their compliance for the next fiscal year

• Work to be insync with Uniform Administrative Rules Section 200.303

• Understand the gaps and shortcomings in Green Book compliance

INTERNAL CONTROLS

• The GAO Green Book Context
• COSO 2013 to The GAO Green Book
• Understanding the "Real" Risks
• Dr. Deming's 14 Quality Concepts
• Understanding the "Real" Risks
• Dr. Kotter's Steps for Change

INTERNAL CONTROL AND ACCOUNTING FRAMEWORKS

• COSO Internal Control Framework
• The GAO Green Book

IT INTERNAL CONTROL CONCEPTS

• Categories of IT Controls
• Information Technology Frameworks
• COBIT 5.0
• NIST Standards

MANAGEMENT'S APPROACH

• Define Objectives and Risk Tolerances
• Categorizing Your Controls
• Assessment of the "Big Three"
• Elements of the Federal Enterprise Model
• Integration Mapping

APPROACH TO DOCUMENTATION

• Risk Assessment
• Inventory Your Controls
• Policies vs Procedures
• Maturity Model: Policy - Standard - Procedure
• Continuous Improvement
• Management by Walking Around
• Proactive Root Cause Analyst
• Control Self Assessments

TOOLKIT

• Competence
• The Facts
• Monitoring and Analytics
• Whistleblower Hotlines
• Interviewing using the S.P.I.N. Methodology
• Root Cause Analysis
• Communication Challenges
• Categories of Lies
• Internal Control Reliability Model

PROGRAM MANAGEMENT

• Program Organization
• GAO Green Book Program Management & Scope
• Responsibilities of the Internal Control Team
• Scope Management
• Project Management Killers

ENTITY LEVEL ANNUAL INTERNAL CONTROL

• Overall Assessment of a System of Internal Control
• Points for Risk Management
• Characteristics of ELC Documentation
• IT General Controls Risk Assessment
• Financial Statement Risk Assessment
• Have you defined deficiencies?
• Categories of "Control Deficiencies"
• Defensive Strategy "Business Resilience"

INTERNAL CONTROL TESTING

• Remediate and Re-Test
• Types of Testing
• Evaluate the Stages of "Control Effectiveness"
• Testing Controls

THE GAO GREEN BOOK COMPLIANCE SUMMARY

This CPE event "GAO Green Book Compliance Academy" is a comprehensive exploration of the Government Accountability Office (GAO) Green Book, focusing on its significance in establishing and maintaining effective internal control in the federal government.

Attendees can expect an in-depth analysis of the principles laid out in the Green Book, with a specific emphasis on compliance requirements and best practices tailored to government entities.

This educational initiative seeks to equip participants with a profound understanding of the Green Book's framework, emphasizing its role in enhancing accountability, transparency, and efficiency within governmental operations. By delving into the intricacies of internal control standards, the event aims to empower attendees with actionable insights to navigate the complex landscape of governmental compliance and risk management.

The academy will address critical topics such as risk assessment, control activities, information and communication, monitoring activities, and the integration of the Green Book principles into organizational practices. Through this, it endeavors to foster a genuine connection with attendees by providing transparent, insightful content that resonates with the unique needs of governmental compliance professionals.

After attending the CPE event focused on GAO Green Book Compliance Academy, it's crucial to further expand your knowledge by exploring authoritative sources in this domain. Here are relevant sources along with their web links:

• 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.
• 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.
• 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.