Government Auditing Standards: 2018 Yellow Book

By U.S. Government Accountability Office

Updated 20 October 2020 to add August 2020 COVID-19 GAGAS Audit Alert
Government Auditing Standards 2018 Final GAO-18-568G: Published: July 17, 2018.
Includes: Professional Standards Update (PSU) No. 73, January 2019 through March 2019. Table of Contents printed on back of book for quick reference.

The Yellow Book provides standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. Auditors of federal, state, and local government programs use these standards to perform their audits and produce their reports.
Effective Date
The 2018 revision of the Yellow Book is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019.
Some of the key changes to the Yellow Book include:
- a new format that differentiates requirements from application guidance
- updated internal control requirements and guidance
- revised continuing professional education requirements to ensure greater auditor proficiency in GAGAS
- revised peer review requirements for audit organizations that also comply with peer review requirements of affiliated organizations
- new requirements for reporting waste that is detected during an audit
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• Format: Paperback
• Language: English
• ISBN: 1725179016
• ISBN13: 9781725179011
• Release Date: July 2018
• Publisher: Createspace Independent Publishing Platform
• Length: 244 Pages
• Weight: 1.52 lbs.
• Dimensions: 0.5" x 8.5" x 11.0"