This course introduces a framework for internal control for federal and other nonbusiness entities as set forth by the U.S. GAO in the Standards for Internal Control in the Federal Government (September 2014; GAO-14-704G), also known as the Green Book.The course describes the origin of the Green Book, reviews the standards, and discusses evaluation and reporting on internal control. Topics covered include: the five components and 17 supporting principles required for a system of an internal control to be effective; internal control roles and responsibilities of an entity’s oversight body, management and personnel; documentation requirements; and examples of U.S. statutory requirements for compliance with the Green Book and related reporting. Upon completion of this course, you will be able to: Define what is meant by internal control. Cite the three types of objectives whose achievement can be aided by internal control. Explain the five components of internal control, recalling some key principles and citing some example attributes. Give examples of requirements under which an entity must report on internal control. Identify what constitutes a deficiency in internal control.