The Committee on Sponsoring Organization’s (COSO) Internal Control-Integrated Framework was adapted by the Government Accountability Office (GAO) to formulate Standards for Internal Control in the Federal Government (the Green Book). By dissecting critical portions of the Framework as adapted, participants will review principles used to evaluate internal control in Federal settings. At the conclusion of this session you will be able to:
- Define the background for development of the COSO Framework and the basis for adaptation to Green Book standards applied to Federal settings
- Define the process for assessing the effectiveness of internal controls and reporting that assessment
- Identify the objectives, components, and principles of the Green Book standards
- Identify the limitations of internal control
- Identify minimum documentation requirements
John Lord, CPA, is the State of California’s Regional Lead Faculty for Becker Professional Education. In addition to teaching live CPA classes primarily in the San Francisco, California area, John is responsible for helping to recruit, train, and develop CPA instructors throughout the State. During his almost 16 years with Becker, John has become one of the organization's most popular and effective instructors - nationwide. His expertise on the exam, commitment to his students, and real world experience are all qualities his students cite as keys to their own success on the CPA exam. John is also an Adjunct Professor at Golden Gate University in San Francisco, CA as well as a national instructor for Becker’s Continuing Professional Education focusing on governmental accounting and auditing topics. For nearly 23 years, John has also served as a Senior Audit Manager for the Government Accountability Office which is the audit, evaluation, and investigative arm of the U.S. Congress. In his capacity with the GAO, John has led audits of the Bureau of Public Debt and IRS. He has also led work with the GAO reviewing the accounting and auditing standards setting process in the United States where he was actively involved with the Auditing Standards Board and Financial Accounting Standards Board. John holds a Bachelors of Science Degree from the California State University in Hayward, California and is an active U.S. Certified Public Accountant (California) and a former President of the Association of Latino Professionals in Finance and Accounting.
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823