Setting A New Standard: How The GAO’s 2018 Yellow Book Revisions Affect Auditors

The Government Accountability Office (GAO) has recently issued a sweeping revision of the Government Auditing Standards (GAGAS), also known as the Yellow Book, which had remained unchanged since 2011. The Yellow book is used by auditors as a framework for conducting audits of public funds, including government entities, nonfederal entities that receive federal funds and other organizations performing Yellow Book audits.

This whitepaper, written by the experts at Thompson Grants, will dive into the details of the 2018 GAO revision of the Yellow Book. Read this whitepaper to find out more about what’s changing with:

• Auditor independence
• Continuing education
• Peer reviews
• Waste and abuse and
• Performance audits

For an A-to-Z guide for administering or preparing for Single Audits, click here to learn about the Single Audit Information Service, part of the Thompson Grants Compliance Expert Compliance Library.