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
IntermediateWho 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.
Available Sessions
| Session Code | Start Date | End Date | Location | Tuition | |
|---|---|---|---|---|---|
| Session Code AUDT8003-001 | Start Date Nov 25, 2024 9:00 AM EST | End Date Nov 26, 2024 5:00 PM EST | Location Virtual | Tuition $899.00 | |
| Session Code AUDT8003-002 | Start Date Dec 17, 2024 11:30 AM EST | End Date Dec 18, 2024 7:30 PM EST | Location InPerson | Tuition $899.00 |
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