Tag Archives: GAGAS

Updating Government Auditing Standards – The 2018 Yellow Book

Today we issued a new revision of the Generally Accepted Government Auditing Standards, also known as the “Yellow Book,” which supersedes the 2011 revision of the standards. What kind of training and experience make a competent auditor? How is audit … Continue reading

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Updating Government Auditing Standards – The 2017 Yellow Book Exposure Draft

Today we issued an exposure draft containing proposed updates to Generally Accepted Government Auditing Standards, also known as the “Yellow Book.” We invite your comments on the proposed changes, which reflect developments in the accounting and auditing profession.

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Following the Money: The Audit Trail

You may remember from your elementary school civics class (or our previous Watchblog posts) that Congress allocates the money that executive branch agencies use to carry out their work. But who makes sure these agencies are spending this money correctly? … 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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