Internal Control Frameworks for Single Audit

Overview

The Uniform Guidance identifies COSO & the Green Book as best practices for internal controls in governmental audits. This course provides a comprehensive review of the COSO framework, including its 2013 update & explores its application to the Green Book. Attendees will learn to recall the five components & 17 principles of internal control, understand the benefits of adopting internal control frameworks & recognize the rationale behind the COSO 2013 update & its impact on auditing practices. Additionally, the course will cover how to leverage Part 6 of the Compliance Supplement to effectively document internal controls.