The U.S. Government Accountability Office (GAO) is inviting comments from managers and auditors at all levels of government, among others, on proposed changes to its Government Auditing Standards – commonly called the Yellow Book.

The exposure draft takes into account developments in the auditing, accountability and financial management professions since the last update in 2011.

Changes include:

  • A new format that would differentiate requirements from application guidance.
  • Updated internal control requirements and guidance.
  • Revised continuing professional educational requirements with the intention of improving auditors’ proficiency with Generally Accepted Government Auditing Standards.
  • Revised peer review requirements that also comply with peer review requirements of affiliated organizations.
  • New requirements for reporting waste that is detected during an audit.

The GAO is inviting public comment on the exposure draft through July 6 at

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