GAO Green Book Compliance Academy
Elevate Your Compliance Expertise with Comprehensive Training on the New 2024 Standards
Welcome to the GAO Green Book Compliance Academy, your premier resource for mastering federal internal control standards. With the recent updates to the GAO Green Book in 2024, our academy is dedicated to providing you with the knowledge and tools necessary to implement these new standards effectively.
About the Academy
Our GAO Green Book Compliance Academy offers an immersive and comprehensive training experience designed for professionals committed to excellence in compliance. Over the course of this program, you will gain an in-depth understanding of the updated 2024 standards, ensuring that your organization is equipped to meet contemporary challenges and uphold the highest standards of internal control.
Key Features of the 2024 GAO Green Book Updates
- Enhanced Cybersecurity Measures: The 2024 update introduces advanced guidelines for integrating cybersecurity controls into your internal control framework. This includes protecting digital assets, managing access controls, and ensuring data integrity to safeguard your organization's operations.
- Third-Party Risk Management: With an emphasis on managing risks associated with external service providers, the new standards provide strategies for assessing and mitigating third-party risks. This ensures your organization maintains robust controls even when relying on external partners.
- Fraud Risk Management: Expanded guidance on fraud risk management helps you establish a comprehensive program to identify, prevent, and respond to fraudulent activities. Learn the latest strategies to protect your organization from financial and reputational damage.
- Sustainability and ESG Considerations: New sections on sustainability encourage incorporating environmental, social, and governance (ESG) factors into your internal control frameworks. This forward-thinking approach promotes long-term strategic planning and resilience.
- Innovation and Flexibility in Controls: The updated standards advocate for innovative and flexible approaches, allowing you to adapt internal controls to your organization’s unique needs. Updated examples and case studies illustrate these practices, making the guidance more practical and relatable.
What You'll Learn
Through our academy, you will:
- Understand the 2024 Green Book Standards: Gain comprehensive knowledge of the updated standards and how they apply to real-world scenarios.
- Implement Effective Internal Controls: Learn practical strategies for designing and implementing controls that meet the new requirements.
- Enhance Cybersecurity Protocols: Integrate advanced cybersecurity measures to protect your organization's digital infrastructure.
- Manage Third-Party Risks: Develop robust strategies to assess and mitigate risks associated with external partners.
- Strengthen Fraud Prevention: Establish a proactive fraud risk management program tailored to your organization’s needs.
- Promote Sustainability: Incorporate ESG considerations into your internal control framework for long-term success.
- Foster Innovation: Explore innovative approaches to enhance your internal control systems.
Who Should Attend
Our academy is ideal for government professionals, auditors, compliance officers, and anyone involved in establishing and maintaining effective internal controls within their organization. Whether you are new to the field or looking to update your knowledge with the latest standards, this program is tailored to meet your needs.
Join Us
Don't miss the opportunity to elevate your compliance expertise and ensure your organization is prepared for the future with the new 2024 GAO Green Book standards.
Details on Event Presentation
Offered on Tuesday-Thursday once every six weeks in three six hour sessions for 18 CPE credits.
The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone. There will be a lunch break from 12:00 noon to 12:30 p.m. each day.
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: 18, based on 50 minutes of instruction per hour
CPE Event Highlights
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
Learning Objectives
Attendees will learn how to:
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Define the "internal control framework" within an organization
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Describe The Green Book standard and its documents to management
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Position themselves to plan their compliance for the next fiscal year
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Work to be insync with Uniform Administrative Rules Section 200.303
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Understand the gaps and shortcomings in Green Book compliance
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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 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
Summary of the Subject Matter
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.
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.