GAO Releases 2018 Revision of Government Auditing Standards

The Government Accountability Office (GAO) recently issued the 2018 revision of the Government Auditing Standards (GAGAS), also known as the Yellow Book, which supersedes the 2011 version. The revised Yellow Book, among other updates, expands the types of nonaudit services that could be considered as threats to auditor independence, and encourages — but does not require — auditors t... Read More