Expanding the Navy's Managers Internal Control Program's (MICP) Capability to Prepare for External Financial Audits

Abstract

The Department of the Navy's Managers Internal Control Program (MICP) is an important tool for ensuring the Department is well managed. In 2013, The Committee of Sponsoring Organizations of the Treadway Commission (COSO) added 17 principles to the five existing internal control components. In 2014, the Government Accountability Office's (GAO) updated the Standards for Internal Control in the Federal Government and directed federal managers to adopt the update by fiscal year 2016. The Navy's internal control program does not yet comply. After analyzing the content of the MICP against the COSO and GAO publications, this thesis developed templates to supplement the MICP in order to bring the Navy program into compliance and provide a tool for internal assessment that may aid commands as they prepare for external financial audits.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2015
Accession Number
ADA632469

Entities

People

  • Jonathan P. Pagnucco

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Cyber

DTIC Thesaurus Topics

  • Business Administration
  • Control Systems
  • Department Of Defense
  • Financial Management
  • Governments
  • Information Processing
  • Information Systems
  • Law
  • Management Personnel
  • National Governments
  • Organizational Structure
  • Reliability
  • Risk Analysis
  • Risk Management
  • Standards
  • United States
  • United States Government

Fields of Study

  • Business

Readers

  • Defense Technology Research and Development.
  • Government Contracting/Procurement.
  • Military Logistics and Supply Chain Management