GAO has proposed revisions to Government Auditing Standards (the Yellow Book). The revisions are intended to reinforce the principles of transparency and accountability and provide the framework for high-quality government audits. The proposed revisions also reflect developments in the auditing, accountability, and financial management professions and emphasize specific considerations applicable to the government environment. The proposed revisions include changes to the format and structure of the standards and changes in the areas of auditor competence, continuing professional education, internal control, and external peer review.
•Learn about key changes being proposed in the 2017 Government Auditing Standards Exposure Draft 2.
•Learn about the impact the proposed changes may have on auditors and auditees.