Tag Archives: audits

Getting in Fiscal Shape — How Changing Future Spending and Revenue Could Improve Government Finances (interactive graphic)

The COVID-19 pandemic has caused economic turmoil and resulted in unprecedented federal spending to address the public health and economic crisis. However, even before the pandemic, the federal government was on an unsustainable fiscal path caused by an imbalance in … Continue reading

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Our Innovation Lab: Building a Sandbox for Audit Tech

Note: This blog was updated to clarify that the prediction of more than a trillion dollars in improper Medicare payments was made by GAO teams that examine those issues. As our world becomes increasingly digitized, being able to quickly make … Continue reading

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All About Agency Financial Statement Auditing

Every year, GAO audits selected agencies’ financial statements and the consolidated financial statements of the federal government. We’ve discussed the results of our federal government audit on the WatchBlog before, but we wanted to provide more context on the agency-level … 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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An Introduction to GAO’s Key Issues

Each year, we issue hundreds of reports on topics spanning the full breadth and scope of the federal government’s responsibilities. In fiscal year 2013, we issued 709 reports, made 1,430 new recommendations, and testified at 114 congressional hearings. We developed … Continue reading

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