Expanding the Navy’s Managers’ Internal Control Program’s (MICP) capability to prepare for external financial audits
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Authors
Pagnucco, Jonathan P.
Subjects
Effective Internal Controls
Auditability
Internal Audits
External Audits
GAO’s Five Standards of Internal Control in the Federal Government
Financial Improvement and Audit Readiness (FIAR)
DOD Inspector General
Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) 17 Principles
Office of Financial Operations (FMO)
Managers’ Internal Control Program
Managers’ Internal Control Manual.
Auditability
Internal Audits
External Audits
GAO’s Five Standards of Internal Control in the Federal Government
Financial Improvement and Audit Readiness (FIAR)
DOD Inspector General
Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) 17 Principles
Office of Financial Operations (FMO)
Managers’ Internal Control Program
Managers’ Internal Control Manual.
Advisors
Rendon, Juanita M.
Candreva, Philip J.
Date of Issue
2015-06
Date
Jun-15
Publisher
Monterey, California: Naval Postgraduate School
Language
Abstract
The Department of the Navy’s Managers’ Internal Control Program (MICP) is an important tool for ensuring the Department is well managed. In 2013, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) added 17 principles to the five existing internal control components. In 2014, the Government Accountability Office’s (GAO) updated the Standards for Internal Control in the Federal Government and directed federal managers to adopt the update by fiscal year 2016. The Navy’s internal control program does not yet comply. After analyzing the content of the MICP against the COSO and GAO publications, this thesis developed templates to supplement the MICP in order to bring the Navy program into compliance and provide a tool for internal assessment that may aid commands as they prepare for external financial audits.
Type
Thesis
Description
Series/Report No
Department
Graduate School of Business and Public Policy (GSBPP)
Graduate School of Business and Public Policy (GSBPP)
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.