GAO Green Book - Government Internal Control Standards
After completing this course, the learner should 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
Instructor bio
Tom Cox is a controller for Public Risk Underwriters of Florida, Inc. (PRU), a Brown & Brown subsidiary that offers accounting and underwriting support to the Preferred Governmental Insurance Trust, a public entity risk pool providing property and casualty insurance to local governments in Florida. Prior to joining PRU, Tom’s experience includes nearly twenty years as the chief financial officer of the Act, Corp., a not-for-profit community mental heath center in Daytona Beach, and, before that, about ten years at Ernst & Young where he was an audit manager specializing in governmental and not-for profit accounting and auditing. Tom has also been an instructor for Becker Professional Review in Orlando since 1990 and been involved with various elements of either course editing and updates or course development since 1991 including governmental auditing. A senior faculty member for the course, Tom’s duties have also included national instructor for various elements of the review program and both presentation and development of continuing professional education courses. He is a 1978 graduate of Stetson University, a member of the Institute of Management Accountants since 1980 and a member of both the American and Florida Institutes of Certified Public Accountants since 1982. Tom is a Certified Public Accountant (CPA) and a Certified Management Accountant (CMA).
What is the Green Book?
The Green Book is the nickname for the Standards for Internal Control in the Federal Government, which identifies the five components of a comprehensive system of internal controls, plus the 17 principles upon which the components are based. Originally released in 1999, the standards are updated periodically to ensure effective internal control systems for federal agencies.
Who uses the GAO Green Book?
This framework for an internal control system is used at the federal, state, and local level as well as in non-profit auditing.
Who is this course for?
This course does not have any prerequisites, but it will be most beneficial to those working in auditing.
A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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