Which agency issues the standards for internal controls?

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Multiple Choice

Which agency issues the standards for internal controls?

Explanation:
Internal controls standards for the federal government are set by the Government Accountability Office. These standards are published in the Green Book, which defines how internal controls should be designed, implemented, and evaluated across agencies. It outlines the five components—control environment, risk assessment, control activities, information and communication, and monitoring—that structure effective internal control. While the Office of Management and Budget provides policy guidance (such as Circular A-123) and other departments have related roles, the official standards themselves come from GAO.

Internal controls standards for the federal government are set by the Government Accountability Office. These standards are published in the Green Book, which defines how internal controls should be designed, implemented, and evaluated across agencies. It outlines the five components—control environment, risk assessment, control activities, information and communication, and monitoring—that structure effective internal control. While the Office of Management and Budget provides policy guidance (such as Circular A-123) and other departments have related roles, the official standards themselves come from GAO.

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