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Monday, September 16, 2013

GAO Seeks Comments on Green Book Exposure Draft

GAO has issued its Green Book Exposure Draft, 
Standards for Internal Control in the Federal Government: 2013 Exposure Draft

Federal Managers' Financial Integrity Act (FMFIA) requires that federal agency executives periodically review and annually report on the agency's internal control systems. FMFIA requires the Comptroller General to prescribe internal controls standards. These internal control standards, first issued in 1983, present the internal control standards for federal agencies for both program and financial management.

Green Book revisions undergo an extensive, deliberative process, including public comments and input from the Green Book Advisory Council. GAO considers all Green Book comments and input from the Green Book Advisory Council in finalizing revisions to the standards.

It is available for public comment until December 2nd.
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