The Green Book Explained

2 Credits: Auditing


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The Green Book Explained

Course Level
CPE Credits

2 Credits: Auditing

Course Description

The 2014 Green Book (which is the most recent update) contains the latest version of the federal government’s standards for internal control, which is used by federal agencies and other government entities. These standards identify the five components of a comprehensive system of internal controls, as well as the 17 principles upon which those components are based. It is the essential tool for the development of a solidly-constructed system of internal controls. In the Green Book Explained course, we summarize the contents of the Green Book, while also inserting many tips, notations and examples along the way to clarify how it is to be used.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize the principles of internal control on which the Green Book is based.
  • Identify how a system of internal controls assists an entity.
  • Specify the responsibilities for a system of internal controls.
  • Recognize how control deficiencies are evaluated.
  • State the uses of a contingency planning system.
  • Specify how employees are made responsible for internal controls.
  • Identify the responses to identified risks.
  • Recognize the components of the fraud triangle.
  • Specify the differences between different levels of controls.
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Course Specifics

Course ID
Revision Date
March 1, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …