Government Auditing Standards 2011 (ePub eBook)

Government Auditing Standards 2011 (ePub eBook)
Title:
Government Auditing Standards: 2011 Revision (Yellow Book)
Format:
Paperback
USA Price: 
Stock:
In stock
GPO Stock Number:
020-000-00291-3
ISBN:
9780160901041
Description

Audits provide essential accountability and transparency over government programs.  Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever.  Government auditing provides objective analysis and information needed to make decisions necessary to help create a better future.  The professional standards presented in this 2011 revision of Government Auditing Standards provides a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services.  These standards provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process.

The 2011 revision of Government Auditing Standards represents a modernized version of the standards, taking into account recent changes in other auditing standards, including international standards.   It contains the following major changes from the 2007 revision that reinforce the principles of transparency and accountability and provide the framework for high quality government audits that add value.

A conceptual framework for independence was added to provide a means for auditors to assess their independence for activities that are not expressly prohibited in the standards.  This more principles-based approach to analyzing independence provides the framework for auditors to assess the unique facts and circumstances that arise during their work.

This revision drops discussion surrounding certain AICPA Statements on Auditing Standards (SAS) and Statements on Standards for Attestation Engagements (SSAE) requirements that were incorporated by reference and included in the 2007 revision, as the standards have converged in those areas.

The definition of validity as an aspect of the quality of evidence has been clarified for performance audits (Newly revised in year 2011)

Table of Contents
Audience

Table of Contents:

Letter

Chapter 1: Government Auditing: Foundation and Ethical Principles

            Introduction

            Purpose and Applicability of GAGAS

            Ethical Principles

Chapter 2 Standards for Use and Application of GAGAS

            Introduction

            Types of GAGAS Audits and Attestation Engagements

            Use of Terminology to Define GAGAS Requirements

            Relationship between GAGAS and Other Professional Standards

            Stating Compliance with GAGAS in the Auditors’ Report

Chapter 3 General Standards

            Introduction

            Independence

            Professional Judgment

            Competence

            Quality Control and Assurance

Chapter 4 Standards for Financial Audits

            Introduction

            Additional GAGAS Requirements for Performing Financial Audits

            Additional GAGAS Requirements for Reporting on Financial Audits

            Additional GAGAS Considerations for Financial Audits

Chapter 5 Standards for Attestation Engagements

            Introduction

Examination Engagements

            Additional Field Work Requirements for Examination Engagements

            Additional GAGAS Reporting Requirements for Examination Engagements

            Additional GAGAS Considerations for Examination Engagements

            Additional GAGAS Field Work Requirements for Review Engagements

            Additional GAGAS Reporting Requirements for Review Engagements

            Additional GAGAS Considerations for Review Engagements

            Agreed-Upon Procedures Engagements

            Additional GAGAS Field Work Requirements for Agreed-Upon

Procedures Engagements

            Additional GAGAS Reporting Requirements for Agreed-Upon

                        Procedures Engagements

            Additional GAGAS Considerations for Agreed-Upon

                        Procedures Engagements

Chapter 6  Field Work Standards for Performance Audits

            Introduction

Reasonable Assurance

Significance in a Performance Audit

Audit Risk

Planning

Supervision

Obtaining Sufficient, Appropriate Evidence

Audit Documentation

Chapter 7 Reporting Standards for Performance Audits

            Introduction

            Reporting

            Report Contents

            Distributing Reports

Appendixes

            Appendix I:      Supplemental Guidance

                                    Introduction

                                    Overall Supplemental Guidance

                                    Information to Accompany Chapter 1

                                    Information to Accompany Chapter 2

                                    Information to Accompany Chapter 3

                                    Information to Accompany Chapter 6

                                    Information to Accompany Chapter 7

            Appendix II:     GAGAS Conceptual Framework for Independence

            Appendix III:    Comptroller General’s Advisory Council on

Government Auditing Standards

            Advisory Council Members

            GAO Project Team

Index

Audience

Target audience are government auditors, and agencies being audited should consult this publication in order to understand the regulations and what to expect.

Product Details

Availability Details:
In Stock
USA Price:
$16.00
International Price:
$22.40
Publisher:
Government Accountability Office
Notes:
Known as the Yellow Book.
Key Phrases:
  • Federal Receipts and Expenditures
  • Yellow Book
  • Accounting and Auditing
  • Government Spending
Weight:
0.875
Quantity Price:
Discount
Cover:
Paper
Unit of Issue (US):
1
Unit of Issue (Non-US):
1
Record Creation Date:
01/18/2012
Last Status Update:
11/27/2018
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