Description:
Federal government agency heads must follow the requirements of the Federal Manager's Financial Integrity Act and OMB's Circular A-123 to assess and report on the agency's system of internal control. Learn how the required compliance assessment can be structured and carried out, including basic techniques and approaches for conducting evaluations and documenting their results. Understand the intent and content of OMBs 2016 revision to Circular A-123 and GAO’s 2014 revision to the Internal Control Standards (the Green Book). Effective January 30, 2018, the title of this course changed from Management's Responsibility for Internal Control (OMB Circular A-123) to Management's and Auditor's Roles in Assessing Internal Control. This course is part of the Certified Government Auditor (CGA) program, Level 1.
Duration:
2 days
Level:
Intermediate
Who Should Attend?
Program managers and other non-auditors, as well as auditors who conduct control assessments as well as auditors who review agencies’ implementation of Circular A-123.
Credits:
1.2 CEU's, 16 CPE'sLearning Outcomes:
- Explain why internal control is important for helping managers accomplish organizational, operational and program objectives for which they are responsible
- Identify the objectives and requirements for the Integrity Act
- Define management control, internal control and the basic concepts and objectives for them
- Identify and apply GAO standards and OMB guidance for establishing and assessing controls
- Identify and apply key components of a control program
- Identify and apply key components of assessing controls
- Recognize and report deficiencies and material weaknesses
- Describe reporting requirements under the Integrity Act
- Identify auditors’ roles in applying auditing standards for assessing and reporting on the quality of internal controls in financial, attestation and performance audits.
No sessions scheduled
Other Recommended Courses:
- Enterprise Risk Management for Auditors (AUDT8916)
- Enterprise Risk Management: Executive Seminar for Resource Managers (FINC8912)
- Army Managers' Internal Control Administrators' Course (AUDT9015)
- Federal Appropriations Law for Auditors (AUDT7010)
- Financial Management Bootcamp for Federal Auditors (AUDT7020)
- Assessing Controls in Performance Audits (AUDT8021)
- Army Managers' Internal Control Administrators' Course (AUDT9015)
- Counterintelligence for Information Security Assessment and Protection (AUDT7200)
Module 1: Internal Control: Key to Accountability
Module 2: Legislation, Standards, and Guidance
Module 3: Establishing and Operating an Effective Internal Control System
Module 4: Assessing Internal Control
Module 5: Impact When Controls Fail
Module 6: Correcting Internal Control Deficiencies
Module 7: Reporting on Internal Control
