Government Auditing Standards (Yellow Book)
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The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the
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by the
Government Accountability Office The U.S. Government Accountability Office (GAO) is a legislative branch government agency that provides auditing, evaluative, and investigative services for the United States Congress. It is the supreme audit institution of the federal gover ...
(GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: *
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* Due care *
Continuing professional education Professional development is learning to earn or maintain professional credentials such as academic degrees to formal coursework, attending conferences, and informal learning opportunities situated in practice. It has been described as intensive ...
(CPE) 80 hours every 2 years, 24 hours directly related to government auditinghttps://www.gao.gov/assets/gao-18-568g.pdf *
Supervision Supervision is an act or instance of directing, managing, or oversight. Etymology The English noun "supervision" derives from the two Latin words "super" (above) and "videre" (see, observe). Spelling The spelling is "Supervision" in Standard E ...
*
Quality control Quality control (QC) is a process by which entities review the quality of all factors involved in production. ISO 9000 defines quality control as "a part of quality management focused on fulfilling quality requirements". This approach plac ...
The Yellow Book standards are used by auditors who examine the federal government, including the Government Accountability Office, various offices of
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, and others. Many local government performance auditors also use the yellow book standards. In addition, CPA firms that perform local government financial audits that include an A-133 "single audit" must follow yellow book standards. In addition to financial audits, the Yellow Book standards cover Performance Audits, which evaluate the performance of a program or project against defined objectives, such as objectives for efficiency and effectiveness.


Other government auditing standards, used by supreme audit institutions

The International Organization of Supreme Audit Institutions (INTOSAI) has developed the INTOSAI Auditing Standards


References


See also

* GAO Yellow book requirement

* CGAP (Certified Government Auditing Professional) certificate of the
Institute of Internal Auditors The Institute of Internal Auditors (IIA) is an organization which advocates, provides educational conferences, and develops standards, guidance, and certifications for the internal audit profession. History Established in 1941, the IIA today ...
* Comptroller Auditing in the United States Financial regulation in the United States Government Accountability Office Auditing standards {{Accounting-stub