GAO Green Book Compliance Academy - In-Person

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

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

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

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.

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.