Additional Reporting Requirements Under GAGAS (Yellow Book)

Free CPA AUD (Auditing & Attestation) lesson in Forming Conclusions and Reporting. 15 min read, ~2,211 words.

GAGAS, issued by the GAO in the Yellow Book, applies on top of GAAS whenever required by law, regulation, contract, or grant agreement (commonly federal-award recipients, state and local governments, certain not-for-profits). GAGAS incorporates GAAS and adds requirements: stricter independence, CPE, peer review, and for financial audits two extra subjects...

What this lesson covers

• Content
• Example 1
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• IV.E5

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