The Comptroller General of the United States established the Green Book Advisory Council (GBAC) in 2013 to provide input and recommendations for revisions to the Green Book. GAO considered all comments and input in finalizing revisions to the standards. Green Book revisions undergo an extensive, deliberative process, including public comments and input from the Green Book Advisory Council. Management, at its discretion, may elect early adoption of the 2014 Green Book. GAO's 2014 revision will be effective beginning with fiscal year 2016 and the FMFIA reports covering that year.

The Green Book may also be adopted by state, local, and quasi-governmental entities, as well as not-for-profit organizations, as a framework for an internal control system. State, Local, and Not-For-Profit Applicability These internal control standards, first issued in 1983, present the internal control standards for federal agencies for both program and financial management. FMFIA requires the Comptroller General to prescribe internal controls standards. Legislative Authorityįederal Managers' Financial Integrity Act (FMFIA) requires that federal agency executives periodically review and annually report on the agency's internal control systems. The 2014 revision will supersede GAO/AIMD-00-21.3.1, Standards for Internal Control in the Federal Government: November 1999. On SeptemGAO issued its revision of Standards for Internal Control in the Federal Government. Standards for Internal Control in the Federal Government, known as the 'Green Book,' sets the standards for an effective internal control system for federal agencies. Internal control helps an entity run its operations efficiently and effectively, report reliable information about its operations, and comply with applicable laws and regulations.

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