Federal Government Financial Statement Audit

Topics

May 8, 2020

Pandemic-related CPE exceptions granted to auditors under GAGAS

Auditors performing engagements under government auditing standards were granted relief from certain CPE requirements by the US Government Accountability Office as a result of the coronavirus pandemic.

September 1, 2018

GAO issues revised government auditing standards

Changes to the Yellow Book reinforce the principles of transparency and accountability.

July 17, 2018

GAO issues revised Yellow Book standards for government auditors

The revised standards are designed to provide a framework for high-quality work by government auditors.

June 1, 2017

GAO proposes revisions to government auditing standards

The topics include competence, CPE, independence, quality control, and internal control.

August 27, 2015

GASB publishes authoritative implementation guidance

GASB published a volume of authoritative implementation guidance that reflects changes resulting from a yearlong feedback process.

January 1, 2015

Key auditor considerations for GASB pension standards’ rollout

Timely communication between pension plans, government employers, and their auditors is essential in implementing the new standards.

FROM THIS MONTH'S ISSUE

Promises of ‘fast and easy’ threaten SOC credibility

CPAs who provide Service and Organization Control (SOC) examinations warn that an ongoing push for high-volume SOC services may come at the cost of quality and objectivity.