[CAFR-Contacts-News] Webinar - GAO's New Green Book: A Revised Internal Control Framework for Government

[HAMILTON Robert W * DAS]

Hello CAFR Contacts,

SARS is pleased to announce that it is hosting a NASACT webinar titled "GAO's New Green Book: A Revised Internal Control Framework for Government" on Wednesday, February 11, from 11:00 am - 12:50 pm at the Mt. Mazama Room in DAS East.  There is no cost to attend this webinar, and 2 hours of continuing professional education is available.  To sign up to attend this webinar, please do so through iLearn<https://ilearn.oregon.gov/Default.aspx>.  Please note that the Mt. Mazama Room has a seating capacity of 60.

Here is an overview of the webinar:

NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of training events addressing timely issues in government auditing and financial management.

GAO issued Standards for Internal Control in the Federal Government: 2014 Revision, also known as the Green Book, on September 10, 2014.  Internal control helps an entity run its operations efficiently and effectively, report reliable information about its operations, and comply with applicable laws and regulations. These standards provide the overall framework for designing, implementing, and operating an effective internal control system.

This new edition of the Green Book also has greater detail and depth.  While retaining the five components of internal control found in past editions, which apply to all organizational levels and to all categories of objectives, the 2014 version also presents 17 new principles that enumerate management responsibilities in implementing and overseeing an effective internal control system.  GAO has adopted the key concepts from the 2013 Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control - Integrated Framework, and adapted them for a government environment.

State, local, and quasi-governmental entities, as well as not-for-profit organizations, may adopt the new Green Book standards as a framework for an internal control system.  In fact, one state, Minnesota, has embraced the new Green Book standards and is in the process of transitioning away from the COSO framework.

This webinar will highlight the final provisions of the new Green Book, including a discussion of the impact of the most significant changes.  Representatives from Minnesota will explain their state's journey to establish strong internal controls and why they are planning to shift from COSO to the Green Book as the executive branch's internal control standard.  Views will be provided from both management and the independent legislative auditor.

Join Jim Dalkin, Director, Financial Management and Assurance Team, Government Accountability Office; Cecile M. Ferkul, Deputy Legislative Auditor (MN); and Jeanine Kuwik, Director, Internal Control and Accountability, Office of Management and Budget (MN) for this informative two-hour training session.

You will also be given an opportunity to ask questions and share experiences during the last 25 minutes of the webinar.

AGENDA (All times Eastern)



2:00 - 2:05 p.m. - Opening Remarks



*         Kinney Poynter, Executive Director, NASACT



2:05 - 2:40 p.m. - Green Book's New Provisions



*         Jim Dalkin, Director, Financial Management and Assurance Team, Government Accountability Office



2:40 - 3:20 p.m. - Minnesota Case Study - Implementing the new Green Book

*         Cecile M. Ferkul, Deputy Legislative Auditor (MN)

*         Jeanine Kuwik, Director, Internal Control and Accountability, Office of Management and Budget (MN)



3:20 - 3:45 p.m. - Live Q&A



*         Moderated by Kinney Poynter



3:45 - 3:50 p.m. - Wrap Up


Kinney Poynter

If you have any questions, please feel free to contact me.

Rob

Robert W. Hamilton, CPA
Statewide Accounting and Reporting Services Manager
Chief Financial Office
Department of Administrative Services
Phone:  (503) 373-0299
http://oregon.gov/DAS/CFO/SARS<http://oregon.gov/DAS/SCD/SARS>

Data Classification: Level 1 - Published

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