Category Archives: Auditing and Financial Management

Updated Green Book Standards Help Improve Government Accountability and Performance

In an effort to help all federal agencies improve their performance, GAO has issued the 2014 revision of Standards for Internal Control in the Federal Government, also known as the “Green Book.” The book sets the standards for an effective … Continue reading

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Partnering Strategies for Arts and Cultural Organizations

To mark Art Appreciation Month, we’re highlighting a report that reviewed congressionally-chartered organizations, and identified some strategies that arts and cultural organizations have used to leverage non-federal resources.  In June 2013, we reported on how a few of these organizations—including … Continue reading

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What Exactly are “Improper Payments”?

Improper payments are always an area of concern for the federal government. These include overpayments, underpayments, payments made to ineligible recipients, or even payments that weren’t properly documented. While fraudulent payments are considered improper, not all improper payments are the … Continue reading

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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

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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

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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

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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

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