Feb 24, 2014
From the Financial Reporting View
KPMG LLP recently commented on the Government Accountability Office's (GAO) proposed Standards for Internal Control in the Federal Government (Green Book Exposure Draft). The Green Book Exposure Draft would update the 1999 Green Book with the goal of harmonizing with COSO's Integrated Control - Integrated Framework (2013). KPMG's comment letter identifies four main areas in which the Green Book Exposure Draft does not harmonize with the 2013 COSO Framework.