GAO Green Book Compliance Academy
Elevate your expertise in federal compliance with the GAO Green Book Compliance Academy, a robust 18 CPE-credit program designed for government professionals, auditors, and compliance officers. This comprehensive course aligns with the updated 2024 GAO Green Book standards, equipping you to build and implement effective internal controls that drive accountability and operational efficiency.
Why Join the Compliance Academy?
1. Master GAO Green Book Principles - Gain a thorough understanding of the five components, 17 principles, and 52 attributes that form the foundation of effective internal controls within the federal government.
2. Stay Ahead with 2024 Standards - Be prepared for updated requirements, including essential improvements in cybersecurity, fraud risk management, and third-party risk assessment to tackle emerging compliance challenges.
3. Build Real-World Expertise - Engage with practical case studies and examples to connect GAO Green Book principles to real-world applications.
4. Expand Professional Credentials - Earn 18 NASBA-approved CPE credits while enhancing your knowledge of compliance and internal controls under the GAO Green Book.
5. Foster Innovative Strategies - Learn how to adapt the GAO Green Book framework to your organization’s unique needs with advanced approaches in risk assessment, sustainability, and governance.
What You’ll Learn
This three-day compliance course offers participants the skills and tools needed to design, implement, and monitor robust internal control systems.
Core Topics Include:
1. Foundations of the GAO Green Book
- Explore the relationship between the GAO Green Book and COSO 2013 frameworks.
- Understand the elements of effective internal controls, including risk assessments and mitigation strategies.
2. Compliance and Risk Management
- Learn updates to the 2024 Green Book standards covering cybersecurity, fraud prevention, and ESG (environmental, social, and governance) considerations.
- Develop strategies for effective third-party risk management.
3. Practical Application and Continuous Improvement
- Gain skills to implement cutting-edge internal control practices and build a culture of compliance.
- Use monitoring analytics, standardized toolkits, and accountability checks to improve operations.
Hands-On Learning Objectives:
- Define and explain the Green Book’s internal control framework.
- Embed critical controls to meet compliance with Uniform Administrative Rules Section 200.303.
- Use forensic techniques to assess gaps and maintain high-performing internal controls.
Course Schedule and Format
- Duration: Three six-hour sessions held every eight weeks (Tuesday–Thursday, 9 a.m.–3 p.m. CST).
- Delivery: Interactive, group-based online sessions.
- CPE Credit: Earn 18 credits (50 minutes of instruction per credit).
- Cost: $990 per attendee.
- Custom Options: Tailored sessions available for groups of two or more.
Each session includes a 30-minute lunch break for a balanced and engaging training experience.
Who Should Attend?
This academy is tailored for professionals dedicated to ensuring compliance and operational accountability, including:
- Government Professionals: Strengthen internal controls and regulatory compliance frameworks.
- Auditors and Compliance Officers: Deepen understanding of GAO standards and gain tools to improve risk management.
- Internal Control Advisors: Support federal agencies by streamlining compliance processes.
Whether you're experienced in compliance or just getting started, this program offers actionable insights and strategies to enhance your effectiveness.
Why the GAO Green Book Is Essential
The GAO Green Book sets the federal benchmark for designing and maintaining internal control systems. By aligning your operations with its principles, you can:
- Mitigate Risks and Fraud: Implement proactive strategies to protect assets and ensure operational integrity.
- Enhance Transparency and Efficiency: Build stronger governance structures while meeting evolving regulatory demands.
- Tackle Emerging Challenges: Navigate increased responsibilities in cybersecurity, ESG, and advanced risk assessments with confidence.
The 2024 updates bring modern solutions designed to embed resilience and accountability in your compliance practices.
Transform Compliance Into Your Advantage
Take the next step in building robust internal controls and improving operational excellence in your organization. The GAO Green Book Compliance Academy equips you with the tools, frameworks, and expertise to lead compliance initiatives with clarity and impact.
Register now to secure your spot and become a trusted champion for government accountability, earning 18 CPE credits while achieving compliance mastery!
Details on Event Presentation
Offered on Tuesday-Thursday once every eight 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.