Expanding the Navy’s Managers’ Internal Control Program’s (MICP) capability to prepare for external financial audits
Pagnucco, Jonathan P.
Rendon, Juanita M.
Candreva, Philip J.
MetadataShow full item record
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.
Approved for public release; distribution is unlimited
Showing items related by title, author, creator and subject.
Dennis, John F. (Naval Postgraduate School, 1979);The recent emphasis in all levels of government on accountability of resources has resulted in an increase in concern for internal control. Included in internal control systems is internal auditing. Self-review at a ...
Procurement fraud in the U.S. Department of Defense: implications for contracting processes and internal controls Rendon, Juanita M.; Rendon, Rene G. (Emerald, 2016);Purpose - This paper aims to explore selected real-world procurement fraud incidents in the US Department of Defense (DoD) and the implications of these incidents to the DoD’s contracting processes and internal ...
An examination of the interrelationship between the structure of financial management and the internal audit function within the Department of Defense Davis, Frances R. (1986-03);This thesis examines the relationship between comptroller functions and internal audit functions within the Department of the Navy and the Department of the Air Force. Comptroller functions and internal audit functions ...