The GAO’s Green Book –Video Course includes an online video and self study e-book for 2 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 differences between components of internal control
- Recognize the role of risk in an audit
- Recognize the differences between the magnitude and the likelihood of a risk
- Identify the differences between the two types of monitoring
- Identify the purpose of a standard of conduct
- Rank risks in order of severity
- Identify the responses to the identified risks
- Identify components of an internal control objective
- Identify the differences between the COSO model and the COSO ERM model
- Identify how the Green Book has impacted auditors’ responsibilities per the Yellow Book
CPE Credit Hours: 2
NASBA Category of Study: Auditing (Governmental)
Program level: Basic
Advance preparation: None
Who should attend: Auditors
Instructional method: Video with online quiz. QAS SS
Author: Leita Hart-Fanta, CPA, CGFM, CGAP
This course qualifies for Yellow Book CPE credit.
This course is also included in the Single Audit Bundle, the Yellow Book Standards for Financial Auditors Bundle, the Yellow Book Standards for Performance Auditors Bundle, and the Internal Controls Bundle.
Questions? You can find our FAQ here.