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GAE1804

Update of the GAO/CIGIE Financial Audit Manual (FAM)

Date
August 13, 2018
$49
Standard Price
This product is also available as part of the following products:
Thumbnail for Governmental Accounting and Auditing Update Conference 2018
This includes sessions from the conference: Governmental Accounting and Auditing Update Conference 2018

The Government Accountability Office (GAO) and the Council of Inspectors General on Integrity and Efficiency (CIGIE) maintain the Financial Audit Manual (FAM), which presents a methodology to perform financial statement audits of federal entities in accordance with professional standards. 

The FAM, last updated in 2008, incorporates:

• the AICPA’s Clarified Auditing Standards
• GAO’s 2011 Yellow Book, and
• OMB’s latest federal financial statement audit guidance.

Learning Objectives:

• Identify the current updates to the FAM’s three volumes: (1) Audit Methodology, (2) Audit Tools, and (3) Checklists.
• Recognize the process by which the FAM was updated.
• Recall the standards and guidance changes that impacted the update to the FAM.
• Indicate the key changes to the FAM.

Speakers

Speaker Image for Anne Sit-Williams
Assistant Director, Government Accountability Office
Speaker Image for Bobbie Jean Bartz
Bobbie Jean Bartz, CPA, Certified Fraud Examiner (CFE)
Assistant Director, DOJ OIG

General

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