Guidance 502 - Auditing Standards

(Editor’s note: This tab complies with the 2024 revisions to the uniform guidance — applicable for awards issued on or after Oct. 1, 2024, for subparts A-E. The subpart F requirements in the 2024 revisions will apply to single audits and program-specific audits with auditee fiscal years beginning Oct. 1, 2024.) Subpart F of the Office of Management and Budget’s uniform guidance requires that an auditor perform a single audit engagement, when applicable, in accordance with Government Auditing Standards (GAGAS) (§200.425). Also known as the “Yellow Book,” GAGAS provides guidance to ensure that auditors have competence, integrity, objectivity and independence in planning,… Read More