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The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the United States by the Government Accountability Office (GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: Independence; Due care
The United States Government Accountability Office (GAO) is an independent, nonpartisan government agency within the legislative branch that provides auditing, evaluative, and investigative services for the United States Congress. [2] It is the supreme audit institution of the federal government of the United States.
The Council of the Inspectors General on Integrity and Efficiency (CIGIE) addresses integrity, economy, and effectiveness issues that transcend individual Government agencies; and increase the professionalism and effectiveness of personnel by developing policies, technical standards, and approaches to aid in the establishment of a well-trained and highly skilled workforce in the Office of ...
Yellow Book, a name for the Government Auditing Standards, standards relating to audits of governments in the United States, issued by the Government Accountability Office "Yellow Book", a name used for The Government Profit Formula and its Associated Arrangements, rules governing British Ministry of Defence no-bid contracts prior to the ...
The US Government Accountability Office (GAO) promulgates the Yellow Book. In July 2018, GAO issued a new revision of the Yellow Book , which supersedes the 2011 revision. The 2018 revision is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for ...
AU [1] Section 150 states that there are ten standards: [2] three general standards, three fieldwork standards, and four reporting standards. These standards are issued and clarified Statements of Accounting Standards, with the first issued in 1972 to replace previous guidance. Typically, the first number of the AU section refers to which ...
The Federal Accounting Standards Advisory Board (FASAB) is a United States federal advisory committee whose mission is to improve federal financial reporting through issuing federal financial accounting standards and providing guidance after considering the needs of external and internal users of federal financial information. [3]
Below the band of stars is the U.S. capitol dome, indicating GAO's role in the legislative branch. Above the band of stars are (1) scales symbolizing the principles — balance and fairness —on which the agency is based and (2) an account book, quill, and key, which refer to the agency's role in evaluating how taxpayer dollars are being spent.