Revised yellow book standards

https://www.journalofaccountancy.com/news/2018/jul/gao-revised-yellow-book-standards-government-auditors-201819338.html

https://www.aicpa.org/interestareas/governmentalauditquality/newsandpublications/gaqcalert/2018gaqcarchivedalerts/gaqcalertno364.html

Governmental auditing quiz

https://www.journalofaccountancy.com/news/2018/mar/governmental-auditing-single-audits-201818428.html

Federal Audit resources & reports

http://www.gao.gov/products/GAO-17-317 High-Risk Series: Progress on Many High-Risk Areas, While Substantial Efforts Needed on Others GAO-17-317: Published: Feb 15, 2017. Publicly Released: Feb 15, 2017. http://www.gao.gov/products/GAO-17-283R Financial Audit: Fiscal Years 2016 and 2015 Consolidated Financial Statements of the U.S. Government GAO-17-283R: Published: Jan 12, 2017. Publicly Released: Jan 12, 2017. http://www.gao.gov/products/GAO-17-237SP The Nation's Fiscal Health: Action is Needed to Address the Federal Government's Fiscal Future GAO-17-237SP: Published: Jan 17, 2017. Publicly Released: Jan 17, 2017.

AICPA comment letter to GAO

http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/DownloadableDocuments/AICPACL2017YBED.pdf While supportive of the yellow book revision, three areas are noted: independence requirements,CPE requirement, and auditors' responsibilities for waste.

GAO proposes revised audit standards

http://www.journalofaccountancy.com/news/2017/apr/gao-proposes-revising-government-auditing-standards-201716411.html
http://www.gao.gov/assets/690/683933.pdf

GAO identifies internal control issues with IRS

http://www.accountingtoday.com/news/irs_watch/gao-sees-need-for-improvement-in-irss-internal-controls-71213-1.html The GAO report is located http://www.gao.gov/assets/670/664599.pdf

Exposure draft released of Green Book for GAO

First revision since 1999.   90 pages.  The Green Book is the concepts and principles of internal control which GAO defines as policies and procedures an organizations uses to achieve its objectives.
Created in 1983, this is the third run at this.....You have until Dec 20 to comment. http://www.gao.gov/assets/660/657383.pdf

USDA paying farmers after death

The results of a recent GAO report that indicates subsidies being paid more than a year after death. http://www.latimes.com/business/money/la-fi-mo-usda-dead-people-20130729,0,3034245.post
Here is a link to the GAO report on improper payments by the USDA.
http://www.gao.gov/assets/660/655649.pdf

Issues with the way the U.S. Treasury

processes its consolidated financial statements.   The 33 page GAO report issued June 28, 2013 report indicates some of the concerns.   http://www.gao.gov/assets/660/655636.pdf

AICPA responding to single audit changes

And expressing the concerns http://blog.aicpa.org/2013/06/3-ways-the-new-coso-framework-may-affect-your-business.html

Some of the various changes are discussed here.
http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/NewsAndPublications/GAQCALERT/2013/Pages/GAQCAlertNo211.aspx

U.S. government 2012 audit

indicates another year without a clean audit opinion.  

http://www.fiercegovernment.com/story/federal-fiscal-house-not-order/2013-01-22?utm_medium=nl&utm_source=internal


http://www.govexec.com/management/2013/01/government-again-fails-get-its-financial-books-order/60744/

IRS data security at issue

per GAO http://www.politico.com/news/stories/0312/74123.html

GAO: Navy, Marines have $22 billion in accounting errors

The GAO report, requested by seven House and Senate members, found the Navy and Marines accounting system failed an audit attempt of the “Fund Balance With Treasury,” which is the equivalent of a corporate bank account statement.
http://thehill.com/blogs/defcon-hill/navy/200837-gao-navy-marines-have-22-billion-in-accounting-errors-

GAO 2010 audit is critical of the SEC

and Congress is not wanting to give it a budget hike; also noted some accounting weaknesses  http://www.allheadlinenews.com/briefs/articles/90033133?GAO%20report%20hits%20SEC%20for%20accounting%20weaknesses

GAO report and for-profit colleges

First came the report which was critical http://www.gao.gov/new.items/d10948t.pdf  Now there is a rebuttal from a for-profit advocacy group that is critical of the report saying it misstated facts and manipulated data http://www.insidehighered.com/news/2011/01/13/for_profit_advocacy_group_lays_out_critique_of_gao_report

GAO proposing changes to yellow book

this would be the 6th revision since 1972.  The exposure draft (210 page document) contains  a letter at the beginning that summarizes the audit standard uchanges known as GAGAS.  The changes include those made in recent years in  the auditing profession as well as special considerations necessary for a government environment.  The most significant proposed change in the draft surrounds independence issues - GAO is taking a stronger stand on this matter, limiting what auditor can do.  The draft is located  http://www.gao.gov/new.items/d10853g.pdf.  The comment period closes 11/22/2010.  The yellow book webpage with the existing version and other yellow bookmaterilas is located at http://www.gao.gov/govaud/ybk01.htm