Tag Archives: auditor
An effective audit process is a crucial aspect of financial management for any organization. It involves the systematic examination of a business entity’s financial records to ensure accuracy, compliance and efficiency. It is designed to identify issues and potential areas of improvement, enabling organizations to enhance their financial performance and mitigate risks. But the process […]
In April 2017, the GAO released an exposure draft for a revised Yellow Book (a.k.a., Government Auditing Standards). The document carried a comment deadline of July 6, 2017 and it is available at www.gao.gov. Although the exposure draft was issued at a busy time of the year for many, the GAO still received an impressive […]
When issued in its final form, the 2017 Yellow Book ED will supersede the current Yellow Book. One of the areas that this new version proposes to make changes is the addition of auditor responsibilities related to waste. Read more for an overview of what this will mean for auditors.