Principle 2 - Exercise Oversight Responsibility - Revision history

Neil thibodaux: /* 2.13 */

2026-09-16T18:43:13Z

2.13

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	==== '''[[2.13]]''' ====		==== '''[[2.13]]''' ====
	The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies		The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies

			'''<big>[[Index of Attributes\|Back to Index of Principles and Attributes]]</big>'''

Neil thibodaux: /* 2.01 */

2026-09-16T13:24:34Z

2.01

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	=== Overview ===		=== Overview ===

	==== ~~<span id="2.01"></span>~~'''2.01''' ====		==== '''[[2.01]]''' ====
	The oversight body should oversee the entity’s internal control system.		The oversight body should oversee the entity’s internal control system.

	=== 2.1 Oversight Structure ===		=== 2.1 Oversight Structure ===
	<span id="2.1"></span>		<span id="2.1"></span>
	==== ~~<span id="2.02"></span>~~'''2.02''' ====		==== '''[[2.02]]''' ====
	The entity determines an oversight structure to fulfill responsibilities set forth by applicable laws and regulations, relevant government guidance, and feedback from key stakeholders. The entity will select, or if mandated by law will have selected for it by an applicable body, an oversight body. When the oversight body is composed of entity management, activities referenced in the Green Book as performed by “management” exclude these members of management when in their roles as the oversight body.		The entity determines an oversight structure to fulfill responsibilities set forth by applicable laws and regulations, relevant government guidance, and feedback from key stakeholders. The entity will select, or if mandated by law will have selected for it by an applicable body, an oversight body. When the oversight body is composed of entity management, activities referenced in the Green Book as performed by “management” exclude these members of management when in their roles as the oversight body.

	==== ~~<span id="2.03"></span>~~'''2.03''' ====		==== '''[[2.03]]''' ====
	When the oversight structure of an entity is led by senior management, senior management may distinguish itself from divisional or functional management by establishing an oversight body. An oversight body oversees the entity’s operations; provides constructive criticism to management; and where appropriate, makes oversight decisions so that the entity achieves its objectives in alignment with its integrity and ethical values. Members of an oversight body review management’s activities, present alternative views, and act when faced with actual or suspected wrongdoing.		When the oversight structure of an entity is led by senior management, senior management may distinguish itself from divisional or functional management by establishing an oversight body. An oversight body oversees the entity’s operations; provides constructive criticism to management; and where appropriate, makes oversight decisions so that the entity achieves its objectives in alignment with its integrity and ethical values. Members of an oversight body review management’s activities, present alternative views, and act when faced with actual or suspected wrongdoing.

	==== ~~<span id="2.04"></span>~~'''2.04''' ====		==== '''[[2.04]]''' ====
	In selecting members for an oversight body, the entity or applicable body defines the entity knowledge, relevant expertise, number of members, and possible independence needed to fulfill the oversight responsibilities for the entity.		In selecting members for an oversight body, the entity or applicable body defines the entity knowledge, relevant expertise, number of members, and possible independence needed to fulfill the oversight responsibilities for the entity.

	==== ~~<span id="2.05"></span>~~'''2.05''' ====		==== '''[[2.05]]''' ====
	Members of an oversight body understand the entity’s objectives, its related risks, and expectations of its stakeholders. In addition to an oversight body, an organization within the federal government may have several bodies that are key stakeholders for the entity, such as the White House, Congress, the Office of Management and Budget, and the Department of the Treasury. An oversight body works with key stakeholders to understand their expectations and help the entity fulfill these expectations if appropriate.		Members of an oversight body understand the entity’s objectives, its related risks, and expectations of its stakeholders. In addition to an oversight body, an organization within the federal government may have several bodies that are key stakeholders for the entity, such as the White House, Congress, the Office of Management and Budget, and the Department of the Treasury. An oversight body works with key stakeholders to understand their expectations and help the entity fulfill these expectations if appropriate.

	==== ~~<span id="2.06"></span>~~'''2.06''' ====		==== '''[[2.06]]''' ====
	The entity or applicable body also considers the expertise members need to oversee, question, and evaluate management. Capabilities expected of all members of an oversight body include integrity and ethical values, leadership, critical thinking, and problem-solving abilities.		The entity or applicable body also considers the expertise members need to oversee, question, and evaluate management. Capabilities expected of all members of an oversight body include integrity and ethical values, leadership, critical thinking, and problem-solving abilities.

	==== ~~<span id="2.07"></span>~~'''2.07''' ====		==== '''[[2.07]]''' ====
	Further, in determining the number of members of an oversight body, the entity or applicable body considers the need for members of the oversight body to have specialized skills to enable discussion, offer constructive criticism to management, and make appropriate oversight decisions.		Further, in determining the number of members of an oversight body, the entity or applicable body considers the need for members of the oversight body to have specialized skills to enable discussion, offer constructive criticism to management, and make appropriate oversight decisions.

	==== ~~<span id="2.08"></span>~~'''2.08''' ====		==== '''[[2.08]]''' ====
	If authorized by applicable laws and regulations, the entity may also consider including independent members as part of an oversight body. Independent members with relevant expertise provide value through their impartial evaluation of the entity and its operations in achieving objectives.		If authorized by applicable laws and regulations, the entity may also consider including independent members as part of an oversight body. Independent members with relevant expertise provide value through their impartial evaluation of the entity and its operations in achieving objectives.

	=== <span id="2.2"></span>2.2 Oversight for the Internal Control System ===		=== <span id="2.2"></span>2.2 Oversight for the Internal Control System ===

	==== ~~<span id="2.09"></span>~~'''2.09''' ====		==== '''[[2.09]]''' ====
	The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.		The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.

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	* '''Monitoring''' - Scrutinize the nature and scope of management’s monitoring activities as well as its evaluation and remediation of identified deficiencies.		* '''Monitoring''' - Scrutinize the nature and scope of management’s monitoring activities as well as its evaluation and remediation of identified deficiencies.

	==== ~~<span id="2.10"></span>~~'''2.10''' ====		==== '''[[2.10]]''' ====
	These responsibilities are supported by the organizational structure that management establishes. The oversight body oversees management’s design, implementation, and operation of the entity’s organizational structure so that the processes necessary to enable the oversight body to fulfill its responsibilities exist and are operating effectively.		These responsibilities are supported by the organizational structure that management establishes. The oversight body oversees management’s design, implementation, and operation of the entity’s organizational structure so that the processes necessary to enable the oversight body to fulfill its responsibilities exist and are operating effectively.

	=== <span id="2.3"></span>2.3 Input for Remediation of Deficiencies ===		=== <span id="2.3"></span>2.3 Input for Remediation of Deficiencies ===

	==== ~~<span id="2.11"></span>~~'''2.11''' ====		==== '''[[2.11]]''' ====
	The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.		The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.

	==== ~~<span id="2.12"></span>~~'''2.12''' ====		==== '''[[2.12]]''' ====
	Management reports deficiencies identified in the internal control system to the oversight body. The oversight body oversees and provides direction to management on the remediation of these deficiencies. The oversight body also provides direction when a deficiency crosses organizational boundaries or units, or when the interests of management may conflict with remediation efforts. When appropriate and authorized, the oversight body may direct the creation of teams to address or oversee specific matters critical to achieving the entity’s objectives.		Management reports deficiencies identified in the internal control system to the oversight body. The oversight body oversees and provides direction to management on the remediation of these deficiencies. The oversight body also provides direction when a deficiency crosses organizational boundaries or units, or when the interests of management may conflict with remediation efforts. When appropriate and authorized, the oversight body may direct the creation of teams to address or oversee specific matters critical to achieving the entity’s objectives.

	==== ~~<span id="2.13"></span>~~'''2.13''' ====		==== '''[[2.13]]''' ====
	The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies		The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies

Neil thibodaux at 13:09, 16 September 2026

2026-09-16T13:09:07Z

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			__NOTOC__
	== 2.0 Exercise Oversight Responsibility ==		== 2.0 Exercise Oversight Responsibility ==
	[https://guides.gaoinnovations.gov/greenbook/2025/principle-2-exercise-oversight-responsibility/ External Link to US GAO Green Book Principle 2]		[https://guides.gaoinnovations.gov/greenbook/2025/principle-2-exercise-oversight-responsibility/ External Link to US GAO Green Book Principle 2]

Neil thibodaux: /* Related Story Events */

2026-09-16T13:07:50Z

Related Story Events

← Older revision		Revision as of 06:07, 16 September 2026
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	==== <span id="2.13"></span>'''2.13''' ====		==== <span id="2.13"></span>'''2.13''' ====
	The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies		The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies

	~~== Related Story Events ==~~

	* [[2020: The Event\|🗳️ 2020: The Event]]
	* [[2001: The Journey Begins\|❓ 2001: The Journey Begins]]
	* [[December 2024: Gaining Support\|📋 December 2024: Resolution Submission]]

Neil thibodaux: /* 2.13 */

2026-09-16T13:07:16Z

2.13

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	==== <span id="2.13"></span>'''2.13''' ====		==== <span id="2.13"></span>'''2.13''' ====
	The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies		The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies

	~~{{Principles}}~~

	== Related Story Events ==		== Related Story Events ==

Kelly Arbogast at 19:49, 13 August 2026

2026-08-13T19:49:07Z

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	The oversight body should oversee the entity’s internal control system.		The oversight body should oversee the entity’s internal control system.

	==== <span id="2.1"></span>~~2.1 Oversight Structure ====~~		=== 2.1 Oversight Structure ===
			<span id="2.1"></span>
	==== <span id="2.02"></span>'''2.02''' ====		==== <span id="2.02"></span>'''2.02''' ====
	The entity determines an oversight structure to fulfill responsibilities set forth by applicable laws and regulations, relevant government guidance, and feedback from key stakeholders. The entity will select, or if mandated by law will have selected for it by an applicable body, an oversight body. When the oversight body is composed of entity management, activities referenced in the Green Book as performed by “management” exclude these members of management when in their roles as the oversight body.		The entity determines an oversight structure to fulfill responsibilities set forth by applicable laws and regulations, relevant government guidance, and feedback from key stakeholders. The entity will select, or if mandated by law will have selected for it by an applicable body, an oversight body. When the oversight body is composed of entity management, activities referenced in the Green Book as performed by “management” exclude these members of management when in their roles as the oversight body.

Kelly Arbogast at 19:48, 13 August 2026

2026-08-13T19:48:38Z

← Older revision		Revision as of 12:48, 13 August 2026
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	The oversight body should oversee the entity’s internal control system.		The oversight body should oversee the entity’s internal control system.

	==== <span id="2.1"></span>~~'''~~2.1~~'''~~ ====		==== <span id="2.1"></span>2.1 Oversight Structure ====

	==== <span id="2.02"></span>'''2.02''' ====		==== <span id="2.02"></span>'''2.02''' ====

Kelly Arbogast: /* 2.0 Exercise Oversight Responsibility */

2026-08-13T19:47:31Z

2.0 Exercise Oversight Responsibility

← Older revision		Revision as of 12:47, 13 August 2026
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	== 2.0 Exercise Oversight Responsibility ==		== 2.0 Exercise Oversight Responsibility ==
	External Link to US GAO Green Book Principle 2		[https://guides.gaoinnovations.gov/greenbook/2025/principle-2-exercise-oversight-responsibility/ External Link to US GAO Green Book Principle 2]

	=== Overview ===		=== Overview ===

Kelly Arbogast at 19:46, 13 August 2026

2026-08-13T19:46:47Z

← Older revision		Revision as of 12:46, 13 August 2026
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	=== Overview ===		=== Overview ===

	<~~div~~ id="2.01"></~~div~~>		==== <span id="2.01"></span>'''2.01''' ====
	~~====~~ '''2.01''' ====
	The oversight body should oversee the entity’s internal control system.		The oversight body should oversee the entity’s internal control system.

	<~~div~~ id="2.1"></~~div~~>		==== <span id="2.1"></span>'''2.1''' ====
	~~===~~ 2.1 ~~Oversight Structure~~ ===

	<~~div~~ id="2.02"></~~div~~>		==== <span id="2.02"></span>'''2.02''' ====
	~~====~~ '''2.02''' ====
	The entity determines an oversight structure to fulfill responsibilities set forth by applicable laws and regulations, relevant government guidance, and feedback from key stakeholders. The entity will select, or if mandated by law will have selected for it by an applicable body, an oversight body. When the oversight body is composed of entity management, activities referenced in the Green Book as performed by “management” exclude these members of management when in their roles as the oversight body.		The entity determines an oversight structure to fulfill responsibilities set forth by applicable laws and regulations, relevant government guidance, and feedback from key stakeholders. The entity will select, or if mandated by law will have selected for it by an applicable body, an oversight body. When the oversight body is composed of entity management, activities referenced in the Green Book as performed by “management” exclude these members of management when in their roles as the oversight body.

	<~~div~~ id="2.03"></~~div~~>		==== <span id="2.03"></span>'''2.03''' ====
	~~====~~ '''2.03''' ====
	When the oversight structure of an entity is led by senior management, senior management may distinguish itself from divisional or functional management by establishing an oversight body. An oversight body oversees the entity’s operations; provides constructive criticism to management; and where appropriate, makes oversight decisions so that the entity achieves its objectives in alignment with its integrity and ethical values. Members of an oversight body review management’s activities, present alternative views, and act when faced with actual or suspected wrongdoing.		When the oversight structure of an entity is led by senior management, senior management may distinguish itself from divisional or functional management by establishing an oversight body. An oversight body oversees the entity’s operations; provides constructive criticism to management; and where appropriate, makes oversight decisions so that the entity achieves its objectives in alignment with its integrity and ethical values. Members of an oversight body review management’s activities, present alternative views, and act when faced with actual or suspected wrongdoing.

	<~~div~~ id="2.04"></~~div~~>		==== <span id="2.04"></span>'''2.04''' ====
	~~====~~ '''2.04''' ====
	In selecting members for an oversight body, the entity or applicable body defines the entity knowledge, relevant expertise, number of members, and possible independence needed to fulfill the oversight responsibilities for the entity.		In selecting members for an oversight body, the entity or applicable body defines the entity knowledge, relevant expertise, number of members, and possible independence needed to fulfill the oversight responsibilities for the entity.

	<~~div~~ id="2.05"></~~div~~>		==== <span id="2.05"></span>'''2.05''' ====
	~~====~~ '''2.05''' ====
	Members of an oversight body understand the entity’s objectives, its related risks, and expectations of its stakeholders. In addition to an oversight body, an organization within the federal government may have several bodies that are key stakeholders for the entity, such as the White House, Congress, the Office of Management and Budget, and the Department of the Treasury. An oversight body works with key stakeholders to understand their expectations and help the entity fulfill these expectations if appropriate.		Members of an oversight body understand the entity’s objectives, its related risks, and expectations of its stakeholders. In addition to an oversight body, an organization within the federal government may have several bodies that are key stakeholders for the entity, such as the White House, Congress, the Office of Management and Budget, and the Department of the Treasury. An oversight body works with key stakeholders to understand their expectations and help the entity fulfill these expectations if appropriate.

	<~~div~~ id="2.06"></~~div~~>		==== <span id="2.06"></span>'''2.06''' ====
	~~====~~ '''2.06''' ====
	The entity or applicable body also considers the expertise members need to oversee, question, and evaluate management. Capabilities expected of all members of an oversight body include integrity and ethical values, leadership, critical thinking, and problem-solving abilities.		The entity or applicable body also considers the expertise members need to oversee, question, and evaluate management. Capabilities expected of all members of an oversight body include integrity and ethical values, leadership, critical thinking, and problem-solving abilities.

	<~~div~~ id="2.07"></~~div~~>		==== <span id="2.07"></span>'''2.07''' ====
	~~====~~ '''2.07''' ====
	Further, in determining the number of members of an oversight body, the entity or applicable body considers the need for members of the oversight body to have specialized skills to enable discussion, offer constructive criticism to management, and make appropriate oversight decisions.		Further, in determining the number of members of an oversight body, the entity or applicable body considers the need for members of the oversight body to have specialized skills to enable discussion, offer constructive criticism to management, and make appropriate oversight decisions.

	<~~div~~ id="2.08"></~~div~~>		==== <span id="2.08"></span>'''2.08''' ====
	~~====~~ '''2.08''' ====
	If authorized by applicable laws and regulations, the entity may also consider including independent members as part of an oversight body. Independent members with relevant expertise provide value through their impartial evaluation of the entity and its operations in achieving objectives.		If authorized by applicable laws and regulations, the entity may also consider including independent members as part of an oversight body. Independent members with relevant expertise provide value through their impartial evaluation of the entity and its operations in achieving objectives.

	<~~div~~ id="2.2"></~~div~~>		=== <span id="2.2"></span>2.2 Oversight for the Internal Control System ===
	~~===~~ 2.2 Oversight for the Internal Control System ===

	<~~div~~ id="2.09"></~~div~~>		==== <span id="2.09"></span>'''2.09''' ====
	~~====~~ '''2.09''' ====
	The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.		The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.

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	* '''Monitoring''' - Scrutinize the nature and scope of management’s monitoring activities as well as its evaluation and remediation of identified deficiencies.		* '''Monitoring''' - Scrutinize the nature and scope of management’s monitoring activities as well as its evaluation and remediation of identified deficiencies.

	<~~div~~ id="2.10"></~~div~~>		==== <span id="2.10"></span>'''2.10''' ====
	~~====~~ '''2.10''' ====
	These responsibilities are supported by the organizational structure that management establishes. The oversight body oversees management’s design, implementation, and operation of the entity’s organizational structure so that the processes necessary to enable the oversight body to fulfill its responsibilities exist and are operating effectively.		These responsibilities are supported by the organizational structure that management establishes. The oversight body oversees management’s design, implementation, and operation of the entity’s organizational structure so that the processes necessary to enable the oversight body to fulfill its responsibilities exist and are operating effectively.

	<~~div~~ id="2.3"></~~div~~>		=== <span id="2.3"></span>2.3 Input for Remediation of Deficiencies ===
	~~===~~ 2.3 Input for Remediation of Deficiencies ===

	<~~div~~ id="2.11"></~~div~~>		==== <span id="2.11"></span>'''2.11''' ====
	~~====~~ '''2.11''' ====
	The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.		The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.

	<~~div~~ id="2.12"></~~div~~>		==== <span id="2.12"></span>'''2.12''' ====
	~~====~~ '''2.12''' ====
	Management reports deficiencies identified in the internal control system to the oversight body. The oversight body oversees and provides direction to management on the remediation of these deficiencies. The oversight body also provides direction when a deficiency crosses organizational boundaries or units, or when the interests of management may conflict with remediation efforts. When appropriate and authorized, the oversight body may direct the creation of teams to address or oversee specific matters critical to achieving the entity’s objectives.		Management reports deficiencies identified in the internal control system to the oversight body. The oversight body oversees and provides direction to management on the remediation of these deficiencies. The oversight body also provides direction when a deficiency crosses organizational boundaries or units, or when the interests of management may conflict with remediation efforts. When appropriate and authorized, the oversight body may direct the creation of teams to address or oversee specific matters critical to achieving the entity’s objectives.

	<~~div~~ id="2.13"></~~div~~>		==== <span id="2.13"></span>'''2.13''' ====
	~~====~~ '''2.13''' ====
	The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies		The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies

Kelly Arbogast at 22:50, 12 August 2026

2026-08-12T22:50:36Z

@@ Line 73: / Line 73: @@
 The oversight body is responsible for overseeing the remediation of deficiencies as appropriate and for providing direction to management on appropriate time frames for correcting these deficiencies
-# [[Principle 1 - Demonstrate Commitment to Integrity and Ethical Values]]
+{{Principles}}
 == Related Story Events ==