GAO Green Book Compliance Academy - In-Person
Enhance your compliance expertise with our in-person GAO Green Book Compliance Academy, a uniquely tailored program focused on the newly updated 2024 GAO Green Book standards. This comprehensive three-day course is designed to provide government professionals, auditors, and compliance officers with the tools and strategies needed to implement, manage, and refine internal control systems effectively. Earn 24 CPE credits while gaining in-depth insights into creating a culture of compliance within your organization.
Why Attend the Compliance Academy?
Earn 24 CPE Credits
This NASBA-approved course awards 24 Continuing Professional Education (CPE) credits through an immersive in-person training format, helping you meet your educational and professional goals.
Master the 2024 Standards
Stay ahead of compliance challenges with a detailed understanding of the enhanced guidelines in the 2024 GAO Green Book updates, including cybersecurity, fraud risk management, and ESG considerations.
Focus on Internal Control Systems
Develop a thorough understanding of COSO-based frameworks, their principles, and attributes, while learning to apply them to real-world scenarios for maximum compliance and governance.
Learn from Expert-Led Sessions
Engage in hands-on training sessions, case studies, and discussions that connect internal control standards with practical implementation strategies, ensuring a seamless learning experience.
What You Will Learn
This academy provides everything you need to confidently implement the updated GAO Green Book standards in your organization. The curriculum is focused on actionable knowledge to manage compliance with internal controls and enhance operational accountability.
Key learning objectives include:
- Understanding the Green Book Framework - Gain a solid foundation in the five components, 17 principles, and 52 attributes of the GAO Green Book.
- Strengthening Cybersecurity Measures - Discover advanced techniques to protect your organization’s digital assets, manage access controls, and safeguard sensitive data.
- Mitigating Third-Party Risks - Learn how to identify, assess, and address vulnerabilities posed by external service providers without compromising internal control systems.
- Building Fraud Risk Management Programs - Implement strategies to detect, deter, and respond to fraud tailored to your organization’s unique needs.
- Introducing ESG Practices - Integrate environmental, social, and governance (ESG) factors into your compliance framework for sustainability and resilience.
- Fostering Adaptability and Innovation - Develop flexible internal controls that align with evolving organizational challenges and priorities.
Course Breakdown
The in-person training unfolds over three highly immersive and interactive days, combining expert presentations, real-world case studies, and group discussions.
Session Highlights
Day 1 – Foundations of Internal Control Systems
- Overview of the GAO Green Book Framework and its connection to the COSO 2013 Model.
- Deep dive into internal control components, principles, and attributes to understand their practical applications.
- Introduction to risk assessment and strategies for prioritizing compliance objectives.
Day 2 – Compliance Update Focus
- Hands-on exploration of the 2024 updates, including enhanced cybersecurity controls, fraud detection, and third-party risk management.
- Incorporating sustainability into internal controls with ESG-focused tools and measures.
- Building a culture of compliance through leadership and accountability frameworks.
Day 3 – Practical Tools and Continuous Improvement
- Real-world exercises covering control reliability models, proactive root cause analysis, and continuous improvement initiatives.
- Adapting internal controls to your organization’s needs using innovative and flexible approaches.
- Comprehensive program takeaway strategies to ensure ongoing improvement in internal control systems.
Who Should Attend?
This academy is designed for individuals whose work impacts internal controls, compliance, and organizational governance, including:
- Government Professionals responsible for establishing and overseeing internal control systems.
- Auditors and Compliance Officers seeking specialized knowledge in GAO Green Book implementation.
- IT and Risk Management Experts aiming to adapt operational processes to meet evolving control standards.
Whether you are new to the field or looking to refine your skills, this program provides practical insights and knowledge tailored to federal compliance requirements.
Why the GAO Green Book Matters
The GAO Green Book is a critical backbone for establishing effective internal controls in federal agencies. Its principles ensure accountability, enhance operational efficiency, and safeguard agencies against potential risks.
The 2024 guidelines take compliance to the next level by addressing today’s challenges, such as digital risks, fraud prevention strategies, and sustainability responsibilities. By mastering these updates, your organization can better align with federal requirements and foster a robust culture of operational excellence.
Event Details
- When: Monday–Wednesday, once a month in select cities
- Monday and Tuesday sessions run from 9 a.m.–4:45 p.m.
- Wednesday sessions run from 9 a.m.–4 p.m.
- Where: Convenient in-person locations tailored to provide group-based practical learning.
- Credits: Earn 24 CPE credits (50 minutes of instruction per credit).
- Private Options Available: Schedule customized sessions for your team of two or more attendees.
- Price: $1,650 per attendee
Take the Lead in Compliance
By joining the GAO Green Book Compliance Academy in person, you’ll not only strengthen your compliance expertise but also position yourself as a leader in implementing robust internal controls. This hands-on experience ensures that your organization is equipped for the challenges of today and the opportunities of tomorrow.
Reserve your spot today and unlock your full potential in federal compliance and operational excellence!
Details on Event Presentation
The sessions will be as follows:
Monday – 9:00 a.m. to 4:45 p.m.
Tuesday - 9:00 a.m. to 4:45 p.m.
Wednesday - 9:00 a.m. to 4:00 p.m.
Offered in-person in various cites each month on Monday-Wednesdays in sessions.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing, Information Technology
CPE Credits: 24, based on 50 minutes of instruction per hour
CPE Event Highlights
In this academy, we will cover important topics such as the GAO Green Book Context, COSO 2013 to the GAO Green Book, risk assessment, inventorying controls, policies vs procedures, root cause analysis, communication challenges, and much more.
Our aim is to provide a deep understanding of GAO Green Book compliance and equip you with practical strategies to implement within your organization.
The seminar reviews the following:
- The Components of COSO framework
- Logic behind the COSO Components
- The structure used to describe the COSO Framework as used in the GAO Green Book
- Principles present in the GAO Green Book Framework
- The "Attributes" in the GAO Green Book vs the "Points of Focus" in COSO 2013
- The importance of the "Attributes"
- How to gage the effectiveness of internal controls
Learning Objectives
By attending the GAO Green Book Compliance Academy, you will:
- Define the "internal control framework" within your government organization
- Successfully communicate the GAO Green Book standard and its documents to management
- Position yourself for effective compliance planning in the next fiscal year to assess the internal controls
- Work in sync with Uniform Administrative Rules Section 200.303
- Identify gaps and shortcomings in the GAO Green Book compliance framework
Key Issues on the Agenda
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 Information Technology 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 GAO Green Book 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
Summary of the Subject Matter
This CPE event titled "GAO Green Book Compliance Academy - In-Person" offers an in-depth exploration of the Government Accountability Office (GAO) Green Book, focusing on compliance requirements and best practices applicable to federal agencies. This event provides crucial insights for professionals involved in ensuring adherence to the GAO Green Book standards within their organizations.
Key areas covered in this event may include:
-
Overview of GAO Green Book: A comprehensive examination of the principles, standards, and guidelines outlined in the GAO Green Book, providing professionals with a clear understanding of its significance in the federal compliance landscape.
-
Internal Control Framework: Insights into the internal control framework prescribed by the GAO Green Book, emphasizing the components and criteria necessary for achieving effective, efficient, and compliant operations within federal agencies.
-
Risk Assessment and Mitigation: Guidance on conducting risk assessments, identifying vulnerabilities, and implementing mitigation strategies aligned with the GAO Green Book's requirements.
-
Compliance Monitoring and Reporting: Best practices for monitoring compliance with GAO Green Book standards and reporting on internal controls, aiming to ensure transparency and accountability in federal agency operations.
-
Implementation Considerations: Practical considerations for implementing GAO Green Book standards, addressing common challenges, and leveraging opportunities to streamline compliance efforts.
By addressing these critical aspects, the CPE event aims to equip professionals with the knowledge and tools necessary to navigate the complexities of the GAO Green Book, fostering a culture of compliance excellence and accountability within federal agencies.
-
Authoritative Sources
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.