Internal Control Frameworks for Single Audit

Overview

The Uniform Guidance identifies COSO and Green Book as best practices in internal control. This course will cover the background on COSO and its 2013 update. We’ll also review the application of COSO to Green Book. Attendees will learn how to leverage Part 6 of the Compliance Supplement for documentation of internal controls.

Prerequisites

None

Objectives

• Describe the five components of internal controls 
• List the benefits of internal control frameworks 
• Explain the reasons for the COSO 2013 Update

Highlights

• Auditing
• COSO 2013 Update