GAO Standards for Internal Controls in the Federal Government

10.1.5 - GAO Standards for Internal Controls in the Federal Government (Rev. 10614, Issued: 03-23-21, Effective: 10-01-20, Implementation: 04-22-21) The FMFIA requires the GAO to prescribe standards for internal control in government, more commonly known as the Green Book. GAO's "Standards for Internal Controls in the Federal Government" were updated in September 2014. These standards provide the internal control framework and criteria for designing, implementing, and operating an effective system of internal control. The Green Book defines internal control as a process effected by an entity’s oversight body, management, and other personnel that provides reasonable assurance that the objectives of an entity are achieved. These are the internal control standards that CMS and its contractors must follow. See Section 10.2 for more information regarding GAO Standards for Internal Controls in the Federal Government. End Section 10.1.5 – GAO Standards for Internal Controls in the Federal Government: Back to Table of Contents