Allen, cpa, provides ethics and independence consultation and training. Check out gaos yellow book, which provides a framework for conducting highquality audits with competence, integrity, objectivity, and independence. Chapters are reorganized and realigned for example, ethics, independence, and professional. These requirements are outlined in the gaos guidance on gagas. Auditors may use government resources if the proper requisition forms are completed beforehand.
Government auditing standards, december 2011 revision and guidance on gagas. Auditors should not use personal email accounts for governmentrelated communications. The july 2007 revision of government auditing standards will be effective for financial audits and attestation engagements for periods beginning on or after janua ry 1, 2008, and for performance audits beginning on or after january 1, 2008. Government auditing standards and standards for internal control in the federal government.
Early implementation is permissible and encouraged. The mncpa offers yellow book credit for select seminars and conferences. One of the gaos ethical principles described in the yellow book stresses that. Government employees may not accept gifts under any circumstances. Gao united states government accountability office. Auditors of federal, state, and local government programs use these standards to perform their audits and produce their reports. Significant changes introduced by the 2018 yellow book. The gao has a few things to say about a government auditors ethical responsibilities and, thus, added a large section on ethics to the 2007 revision of the yellow book. United states government accountability office government. Address the unique requirements of governmental entities. There is an increased emphasis placed on governing ethical principles, clarification of the impact of performing nonaudit services on auditor independence, and. The 2018 yellow book includes significant changes designed to help. Ethical principles provide the foundation, discipline.
The same ethical principles appear in the 2017 exposure draft. Principles, outcomes and integrity the social world is messy and ethics helps us muddle through. Yellow book revisions update independence guidance journal of. Establish general standards for both governmental and nongovernmental auditors performing audits in accordance with gagas. Provides fundamental ethical principles and independence. The revised standards also known as the yellow book, or gas were restructured by the gao to separate the standards requirements. Government auditing standards cpe edition published and distributed by the cpe store.
The generally accepted government auditing standards gagas, commonly referred to as the yellow book, are produced in the united states by the government accountability office gao. Generally accepted government auditing standards yellow book. Heightened the emphasis on ethical principles as the foundation, discipline. The gao yellow book, first issued by the comptroller general of the united states in 1972, is intended to. Accountability offices gaos generally accepted government auditing standards. Accountability office gao, is the statement of auditing standards for audits of government.