Outcomes: In September 2014, the US Government released the Standards for Internal Control in the Federal Government – also referred to as the Green Book. The requirements of the new 2 CFR 200.303 (“SuperCircular”) rules are that all recipients of US Government funding have an internal control system that should be compliant with the Green Book. This course is aimed at all finance personnel, compliance officers and M&E officers as well as those responsible for monitoring of the internal control systems (e.g., directors, internal and external auditors). The course will provide a detailed overview of the Green Book and provide guidance on how to implement the Green Book within the organisation. The course is conducted by a practicing CA(SA) with extensive experience in the for-profit and non-profit sectors. This course is also a must for anyone who wants to implement a sustainable internal control system within their organisation.
Basic: No Advance Preparation or Prerequisites Required; 8 CPE Hours
High-level background to the Standards for Internal Control in the Federal Government
- What are the standards?
- Where do the standards originate?
- Why the standards are beneficial?
Detailed review and discussion of the Standards for Internal Control in the Federal Government
- How the standards are structured
- The role of the standards within your organisation
- How to apply the standards to your organisation. (Practical examples throughout this section)
Where to from here
- Now that I know the standards what are the next steps?
- Getting the most out of the Green Book.