Additional Reporting Requirements Under GAGAS (Yellow Book)

Free CPA AUD (Auditing & Attestation) lesson in Forming Conclusions and Reporting. 14 min read, ~2,159 words.

GAGAS (Generally Accepted Government Auditing Standards), issued by the GAO in the Yellow Book, applies whenever a Yellow Book audit is required, most commonly for federal-award recipients, state and local governments, and certain not-for-profits. GAGAS incorporates GAAS and adds requirements: stricter independence, CPE, peer review, and, for financial audits, two...

What this lesson covers

• Content
• Example 1
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• IV.E5

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