Category Archives: Auditing and Financial Management

What is the Yellow Book?

Since 1972, GAO has produced and maintained Government Auditing Standards, also known as the Yellow Book. The Yellow Book is the book of standards and guidance for auditors and audit organizations, outlining the characteristics of good audit reports, professional qualifications … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , , , , , | 1 Comment

Fighting Fraud, Waste, and Abuse on the War Front

As the United States engages in conflicts overseas, GAO has worked for decades to identify ways to improve military operations and safeguard taxpayer dollars. While some of our work is done in our GAO offices, we have also sent analysts … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , , , , , , , ,

Impediments to an Audit Opinion on the Government’s Financial Statements

The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, annually consolidates individual agency financial statements to provide a comprehensive overview of the federal government’s finances. GAO is required to audit the consolidated … Continue reading

Image | Posted on by | Tagged , , , , , , , , , , , , , , ,

GAO Revises the Green Book Standards for Internal Controls

Internal controls are the plans, methods, policies, and procedures organizations use to ensure that they are using their resources most effectively. GAO publishes Standards for Internal Control in the Federal Government (also known as the “Green Book”), which sets the … Continue reading

Image | Posted on by | Tagged , , , , , , , , , ,