Principle 2 - Exercise Oversight Responsibility - Revision history

Kelly at 19:49, 13 August 2026

2026-08-13T19:49:07Z

← Older revision		Revision as of 19:49, 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 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 at 19:48, 13 August 2026

2026-08-13T19:48:38Z

← Older revision		Revision as of 19:48, 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: /* 2.0 Exercise Oversight Responsibility */

2026-08-13T19:47:31Z

2.0 Exercise Oversight Responsibility

← Older revision		Revision as of 19:47, 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 at 19:46, 13 August 2026

2026-08-13T19:46:47Z

← Older revision		Revision as of 19:46, 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 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 ==

Kelly: /* 2.0 Exercise Oversight Responsibility */

2026-08-12T22:40:08Z

2.0 Exercise Oversight Responsibility

← Older revision		Revision as of 22:40, 12 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]]		External Link to US GAO Green Book Principle 2

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

Kelly at 22:36, 12 August 2026

2026-08-12T22:36:50Z

← Older revision		Revision as of 22:36, 12 August 2026
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	=== Overview ===		=== Overview ===

			<div id="2.01"></div>
	==== '''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>
	=== 2.1 Oversight Structure ===		=== 2.1 Oversight Structure ===

			<div id="2.02"></div>
	==== '''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>
	==== '''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>
	==== '''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>
	==== '''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>
	==== '''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>
	==== '''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>
	==== '''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>
	=== 2.2 Oversight for the Internal Control System ===		=== 2.2 Oversight for the Internal Control System ===

			<div id="2.09"></div>
	==== '''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>
	==== '''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>
	=== 2.3 Input for Remediation of Deficiencies ===		=== 2.3 Input for Remediation of Deficiencies ===

			<div id="2.11"></div>
	==== '''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>
	==== '''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>
	==== '''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 at 22:31, 12 August 2026

2026-08-12T22:31:26Z

← Older revision		Revision as of 22:31, 12 August 2026
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	== 2.0 Exercise Oversight Responsibility ==		== 2.0 Exercise Oversight Responsibility ==
	'''2.01 The oversight body should oversee the entity’s internal control system.~~'''~~		[[External Link to US GAO Green Book Principle 2]]

			=== Overview ===

			==== '''2.01''' ====
			The oversight body should oversee the entity’s internal control system.

	=== 2.1 Oversight Structure ===		=== 2.1 Oversight Structure ===
	'''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.

	'''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~~.		==== '''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.

	'''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~~.~~'''~~		==== '''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.

	'''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~~.		==== '''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.

	'''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~~.		==== '''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.

	'''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~~.~~'''~~		==== '''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.

	'''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.~~'''~~		==== '''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.

			==== '''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.

	=== 2.2 Oversight for the Internal Control System ===		=== 2.2 Oversight for the Internal Control System ===
	'''2.09 The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.~~'''~~
			==== '''2.09''' ====
			The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.

	The oversight body’s responsibilities for the entity’s internal control system include the following:		The oversight body’s responsibilities for the entity’s internal control system include the following:
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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.

	'''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		==== '''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.

	=== 2.3 Input for Remediation of Deficiencies ===		=== 2.3 Input for Remediation of Deficiencies ===
	~~'''2.11 The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.'''~~

	'''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.		==== '''2.11''' ====
			The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.

			==== '''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.

	'''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~~'''~~		==== '''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

	# [[Principle 1 - Demonstrate Commitment to Integrity and Ethical Values]]		# [[Principle 1 - Demonstrate Commitment to Integrity and Ethical Values]]

Kelly at 03:13, 6 August 2026

2026-08-06T03:13:32Z

← Older revision		Revision as of 03:13, 6 August 2026
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	'''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'''		'''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'''

	# [[Principle 1 - Demonstrate Commitment to Integrity and Ethical Values]]		# [[Principle 1 - Demonstrate Commitment to Integrity and Ethical Values]]
	# [[Principle 2 - Exercise Oversight Responsibility]]		# [[Principle 2 - Exercise Oversight Responsibility]]
	# [[Principle 3 - Establish Structure, Responsibility, and Authority]]		# [[Principle 3 - Establish Structure, Responsibility, and Authority]]
			# [[Principle 4 - Demonstrate Commitment to Competence]]
	# [[Principle 5 - Enforce Accountability]]		# [[Principle 5 - Enforce Accountability]]
			# [[Principle 6 - Define Objectives and Risk Tolerances]]
			# [[Principle 7 - Identify, Analyze, and Respond to Risks]]
	# [[Principle 8 - Assess Fraud, Improper Payment, and Information]]		# [[Principle 8 - Assess Fraud, Improper Payment, and Information]]
			# [[Principle 9 - Identify, Analyze, and Respond to Change]]
	# [[Principle 10 - Design Control Activities]]		# [[Principle 10 - Design Control Activities]]
	# [[Principle 11 - Design General Control Activities over Information]]		# [[Principle 11 - Design General Control Activities over Information]]

Kelly at 02:54, 6 August 2026

2026-08-06T02:54:17Z

← Older revision		Revision as of 02:54, 6 August 2026
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	== Exercise Oversight Responsibility ==		== 2.0 Exercise Oversight Responsibility ==
	'''2.01 The oversight body should oversee the entity’s internal control system.'''		'''2.01 The oversight body should oversee the entity’s internal control system.'''

	=== Oversight Structure ===		=== 2.1 Oversight Structure ===
	'''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.		'''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.

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	'''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.'''		'''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.'''

	=== Oversight for the Internal Control System ===		=== 2.2 Oversight for the Internal Control System ===
	'''2.09 The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.'''		'''2.09 The oversight body oversees management’s design, implementation, and operation of the entity’s internal control system.'''

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	'''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		'''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

	=== Input for Remediation of Deficiencies ===		=== 2.3 Input for Remediation of Deficiencies ===
	'''2.11 The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.'''		'''2.11 The oversight body provides input to management’s plans for remediation of deficiencies in the internal control system as appropriate.'''