Description
The GAO Green Book: Standards for Internal Control includes self-study e-book delivered to you immediately upon purchase for 7 hours of CPE credit.
The GAO Green Book sets standards for internal controls that align with the most popular control model in the United States, the COSO model. In this course, we use a simple case study to build controls from scratch. Along the way, we learn the five components of control and their seventeen underlying principles.
The Green Book is referenced inside the Yellow Book and in the Uniform Guidance. The new internal control requirements for performance auditors per the 2018 Yellow Book are discussed.
This course is filled with stories, analogies, and practical advice that brings the standards to life.
Course objectives include:
- Identify the purpose of the GAO’s Green Book
- Identify the standard setting bodies that are involved in the creation of the Green Book
- Identify reasons why most organizations do not achieve the ideal internal control structure described in the Green Book
- Distinguish between components of internal control
- Distinguish between management objectives
- Choose a finite subject matter on which to apply controls
- Define risk
- Distinguish between the magnitude and the likelihood of a risk
- Distinguish between the steps of a process and a control
- Identify components of the fraud tree
- Identify components of the fraud triangle
- Rank risks in order of severity
- Order the steps involved in conducting a risk assessment
- Identify the responses to the identified risks
- Identify components of an internal control objective
- Identify relevant control activities for a control objective
- Identify the questions that should be addressed when reporting to internal and external users
- Identify the attributes of quality information
- Distinguish between the two types of monitoring
- Define tone at the top
- Identify the purpose of a standard of conduct
- Define the qualities of members of the oversight body
- Define responsibilities of a manager to develop competent people
- Identify the methods and impacts of holding managers and employees accountable
- Identify controls that integrate
- Distinguish between preventative, detective and corrective controls
- Distinguish between the design and operation of controls
- Sequence the steps of developing an internal control structure
- Identify the differences between the COSO model and the COSO ERM model
- Distinguish between a control and a test of fact
CPE Credit Hours: 7
NASBA Category of Study: Auditing (Governmental)
Program level: Basic
Prerequisites: None
Advance preparation: None
Who should attend: Auditors and managers of government programs
Instructional method: Self-study text with online qualified assessment. QAS SS
Author: Leita Hart-Fanta, CPA
This course is also included in the Internal Controls Bundle, the Yellow Book Standards for Financial Auditors Bundle, and the Yellow Book Standards for Performance Auditors Bundle.
This course does qualify for the 24 hour Yellow Book CPE requirement.
Questions? You can find our FAQ here.
What People Say About This Course
“I appreciated how simple some of the explanations were, this will help me explain to my auditees the importance of controls in simpler words.” – Legislative Auditor
“[I like] Leita’s real world examples, making it easy to understand and she’s fun!” – City Auditor
“True stories make difficult content easy to understand.” – CPA in Public Practice
“Really enjoy Leita’s easy and engaging writing style. Nice combo of informal & formal writing. Breaks down the Green Book into chunks with easy to understand examples.” – State Legislative Auditor
“The way she explained how the cube is broken down will help me in my auditing career.” – State Agency Auditor
“The information will help my review of audit reports, especially those that cite internal control deficiencies and/or ERM.” – Federal Agency Inspector General
“The writing is so entertaining! Very funny.” – State Legislative Auditor
“I am amazed by Leita’s comprehension of internal control and enjoy learning from her perspective.” – Internal Auditor
“Enjoyed the course and how much work Leita and team put into coming up with this for us. One of the best audit training providers out there and like the lighthearted learning style.” – State Auditor
Yellowbook-CPE.com 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: