Tag Archives: Government Auditing Standards

GAO Issues 2018 Revision of the Government Auditing Standards

After seven years, the Government Accountability Office (GAO) yesterday issued a new revision of the Government Auditing Standards, also known as the “Yellow Book,” which assists government auditors at the federal, state and local levels produce high-quality audits that reflect…

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Sneak Preview: 2018 Yellow Book Will Not Require Review on Waste

(The following was excerpted from a recent article in the Single Audit Information Service.) A partner with KPMG LLP and member of the Government Auditing Standards (GAGAS) advisory council recently explained why a requirement for auditors to assess waste and…

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Why Auditors Aren’t Perfect

With the massive amount of federal dollars issued in grant awards these days, I’m all for ensuring that they are spent appropriately. To that end, having auditors conduct Circular A-133 single audits, as well as other types of audits, is…

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Addition by Subtraction

The big hullabaloo in the auditing community over the last couple of months centered on the issuance of the 2011 revised Government Auditing Standards — which we in the industry affectionately dub the Yellow Book — and all the new…

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A New Yellow Book for Christmas

In case anyone missed it over the recent holidays, the Government Accountability Office issued the final version of the 2011 Government Auditing Standards. And since the new Yellow Book is effective for financial audits and attestation engagements for periods ending…

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So, Can You Answer These Questions Correctly?

If you are a grantee organization, how smart are you financially? Like it or not, you may have to bone up on your accounting savvy, or hire someone who is, in light of changes in the 2011 revision of the…

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You Just Gotta Hear This!

There will be some fresh voices coming across the airwaves in the upcoming months leading grants-related audio conferences for Thompson Publishing. I have heard all of them speak over the years and can attest to their professionalism and knowledge in…

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Sneak Preview: GAO Issues Interim Version of 2011 Yellow Book

(This post is based on an upcoming article in the Single Audit Information Service.) The Government Accountability Office is taking a unique approach to issuing the 2011 revision of the Government Auditing Standards. At press time, the GAO released an…

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Introducing Publication Giveaway Winner Colleen Campbell

Here she is! The second winner of our new grants publications giveaway was Colleen Campbell, statewide single audit coordinator for the Alaska Department of Administration, Division of Finance. I got in touch with her recently to find out more about…

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Is the AICPA Pulling the Federal Government’s Strings?

It’s another case of curious timing.

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