Government accountability office internal control management and evaluation tool

Each component is based on a number of principles, which in turn, have a number of important characteristics, called attributes, which explain the principles in greater detail. The components are:. Toggle navigation. Search for:. About AGA Chapters. Renew Your Membership Today! Learn more about CGFM! View the event calendar. Print your CPE Certificate. Showing of 76 pages in this text. Mapped Search Open Access. Who People and organizations associated with either the creation of this text or its content.

Author United States. Publisher United States. Place of Publication: Washington D. About Browse this Partner. What Descriptive information to help identify this text. Language English. Item Type Text. Identifier Unique identifying numbers for this text in the Digital Library or other systems.

Report No. Collections This text is part of the following collection of related materials. About Browse this Collection. Digital Files 76 image files available in multiple sizes 1 file. When Dates and time periods associated with this text. The Green Book describes three principles and attributes pages to support control activities. Information and Communication is the fourth of five components of the State of Minnesota's adopted internal control standards.

The use of quality information supports the internal control system. Effective information and communication are necessary for an agency to achieve its goals. The agency oversight body, senior leadership, and management need access to relevant and reliable communication related to internal and external events.

Three principles and supporting attributes are defined in the Green Book pages for the information and communication component. Monitoring is the fifth and final component of the State of Minnesota's adopted internal control standards. Monitoring ties all internal control components together and enables management to detect changes and deficiencies in the other components and take any necessary corrective action. Internal control is a dynamic process that must adapt continually to the risks and changes an agency faces.

Monitoring the internal control system maintains agency alignment with changing goals, environment, laws, resources, and risks. Internal control monitoring assesses the quality of performance over time and promotes the prompt resolution of audit findings and other reviews. The Green Book designates two principles and many attributes pages to support monitoring. Sean Barton Dr. Weston Merrick Ben Nguyen Dr. Internal Control Framework Minnesota law requires the head of each executive branch state agency design, implement, and maintain an effective system of internal control within the agency.

The law requires that the system: Safeguard public funds and assets and minimize incidences of fraud, waste, and abuse; Ensure that programs are administered in compliance with federal and state laws and rules; and Require documentation of internal control procedures over financial management activities, provide for analysis of risks, and provide for periodic evaluation of control procedures to satisfy that these procedures are adequately designed, properly implemented, and functioning effectively.