All Topics » Auditing and Financial Management » Auditing procedures » Government auditing standards
Government auditing standards (21 - 30 of 165 items)
Financial Audit Manual: Update (Exposure Draft)
GAO-04-667G: Published: Apr 1, 2004. Publicly Released: Apr 1, 2004.
The U.S. General Accounting Office (GAO) and the President's Council on Integrity and Efficiency (PCIE) maintain the GAO/PCIE Financial Audit Manual (FAM). The FAM provides guidance for performing financial statement audits of federal entities. The FAM is a key tool for enhancing accountability over taxpayer-provided resources...
Government Auditing Standards: 2003 Revision (Superseded by GAO-07-162G)
GAO-03-673G: Published: Jun 1, 2003. Publicly Released: Jun 1, 2003.
This publication has been superseded by GAO-07-162G, Government Auditing Standards: January 2007 Revision. This is the Government Auditing Standards 2003 revision. This document outlines standards that contain requirements for auditor reporting on internal control. The revision supersedes the 1994 revision...
Financial Audit Manual: Exposure Draft
GAO-02-1009G: Published: Sep 1, 2002. Publicly Released: Sep 1, 2002.
The Financial Audit Manual (FAM), published in July 2001, provides guidance for financial audits done by the Inspector General community, GAO, and their contractors. The FAM is a key part in enhancing accountability over taxpayer-provided resources. GAO and the President's Council on Integrity and Efficiency (PCIE) are committed to keeping the FAM current. With this goal in mind, a GAO/PCIE task f...
Financial Management: Extending the Financial Statements Audit Requirement of the CFO Act to Additional Federal Agencies
GAO-02-740T: Published: May 14, 2002. Publicly Released: May 14, 2002.
Congress is considering expanding the number of federal agencies required to prepare audited financial statements to include all executive branch agencies that have budget authority of $25 million or more. The Federal Financial Management Improvement Act of 1996 builds on the Chief Financial Officers (CFO) Act by encouraging agencies to have systems that generate timely, accurate, and useful infor...
Accounting Profession: Oversight, Auditor Independence, and Financial Reporting Issues
GAO-02-742R: Published: May 3, 2002. Publicly Released: May 3, 2002.
The accounting system's self-regulatory system for auditors, which largely depends on voluntary contributions from the accounting industry, is plagued by fragmentation, lack of coordination, poor communication, and conflicts of interest. In GAO's view, the current self-regulatory system is broken, and oversight by the Securities and Exchange Commission (SEC) has fallen short in protecting the publ...
Protecting The Public's Interest: Considerations for Addressing Selected Regulatory Oversight, Auditing, Corporate Governance, and Financial Reporting Issues
GAO-02-601T: Published: Apr 9, 2002. Publicly Released: Apr 9, 2002.
In the wake of the Enron collapse and the proliferation of earnings restatements and pro forma earnings assertions by other companies, questions are being raised about the soundness of private sector financial reporting, auditor independence, and corporate governance. In addressing these issues, the government's role could range from direct intervention to encouraging non-governmental and private-...
Protecting the Public Interest: Selected Governance, Regulatory Oversight, Auditing, Accounting, and Financial Reporting Issues
GAO-02-483T: Published: Mar 5, 2002. Publicly Released: Mar 5, 2002.
The rapid failure and bankruptcy of Enron has prompted severe criticism of the nation's financial reporting and auditing systems, which are fundamental to maintaining investor confidence in U.S. capital markets. This report focuses on four areas in which the Enron failure revealed serious problems: corporate governance, the independent audit of financial statements, oversight of the accounting pro...
Government Auditing Standards: 2002 Revision (Exposure Draft) (Superseded by GAO-03-673G)
GAO-02-340G: Published: Jan 1, 2002. Publicly Released: Jan 1, 2002.
This publication has been superseded by GAO-03-673G, Government Auditing Standards: 2003 Revision, June 2003. This guide discusses revised government auditing standards for auditors and audit organizations when required by law, regulation, agreement, contract, or policy. The standards pertain to auditors' professional qualifications, the quality of audit effort, and the characteristics of professi...
Government Auditing Standards: Amendment No. 3: Independence (Superseded by GAO-03-673G)
GAO-02-388G: Published: Jan 1, 2002. Publicly Released: Jan 1, 2002.
This publication has been superseded by GAO-03-673G, Government Auditing Standards: 2003 Revision, June 2003. GAO presented a guide on revised government auditing standards to audit officials and others interested in government auditing standards. The standards require auditors to (1) not perform management functions or make management decisions and (2) not audit their own work or provide nonaudit...
Government Auditing Standards: Independence (Exposure Draft)
GAGAS-ED-4: Published: May 4, 2001. Publicly Released: May 4, 2001.
GAO presented an exposure draft of the its revised government auditing standards to audit officials and others interested in government auditing standards, which summarized proposed changes to financial auditing standards...