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.
Federal Government Financial Statement Audit
GAO issues revised government auditing standards
Changes to the Yellow Book reinforce the principles of transparency and accountability.
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.
GAO proposes revisions to government auditing standards
The topics include competence, CPE, independence, quality control, and internal control.
GASB publishes authoritative implementation guidance
GASB published a volume of authoritative implementation guidance that reflects changes resulting from a yearlong feedback process.
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.
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SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.