The Yellow Book is the book of standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. Auditors of federal, state, and local government programs use these standards to perform their audits and produce their reports.
Today’s WatchBlog discusses the proposed updates, and explains how you can help!
We know. You’ve been waiting on pins and needles to read the 2017 Yellow Book Exposure Draft. Boy, we sure have!
Read more here to learn about the proposed revisions to the Yellow Book. If that’s just not enough, you can find an online version of the exposure draft here, ready to be perused at your leisure. The GAO is also seeking comments on the current exposure draft through June 6th, so you’ve got just over six weeks to compose a masterful letter on why and how the exposure draft does (or, perhaps, does not) meet your auditing needs and expectations. You can send those comments to YellowBookComments@gao.gov.