• Course Information

    Title: Government Auditing - Green Book: 3. Information and Communication, and Monitoring
    Category: Accounting and Auditing
    Field of Study: Auditing - Governmental
    Course Code: A019-0434
    CPE Credits: 3.0
    Price: $27.95
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Description

Description:
Standards for Internal Control in the Federal Government, known as the "Green Book," sets the standards for an effective internal control system for federal agencies. This course covers the effective information, communication system and monitoring of the government internal control framework, as discussed within the GAO Green Book. Effective information and communication systems are a key component of an effective system of internal controls. Effective internal control monitoring assesses the effectiveness of control performance over time and promptly resolves identified weaknesses. These ongoing control evaluations, and corrective actions, are necessary to achieve objectives because they help ensure an effective system of internal controls is in place and operating effectively to mitigate any risks. Together, information, communication, and monitoring support the functioning of the other key components: the control environment, risk assessment, and control activities.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Course Details

Author: Delta Publishing

Category: Accounting and Auditing

Field of Study: Auditing - Governmental

Passing Score: 70%

Publication Date: 02/09/2021

Technical Details: Government Auditing is a technical field of study. CA: Fraud

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Objectives

Objectives:
Chapter 1     An Overview of Internal Controls
1.     Recall the definition of internal control and systems of internal control.
2.     Recognize the 3 main categories of an entity’s objectives.
3.     Identify the 5 main components and their 17 principles of the GAO’s framework of internal controls.

Chapter 2     Information and Communication
1.     Identify the 3 principles expected to be present in an effective system of information and communication.
2.     Recognize the attributes the GAO expects to be associated with each of the 3 principles.

Chapter 3     Monitoring
1.     Identify the 2 principles expected to be present and functioning for effective monitoring activities.
2.     Recognize the attributes the GAO expects to be associated with each of the 2 principles.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers : CPA

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