Additional GAGAS Reporting Standards for Financial Audits

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GAO-03-673G Government Auditing Standards > Chapter 5 Reporting Standards for Financial Audits > Additional GAGAS Reporting Standards for Financial Audits

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5.04 GAGAS prescribe additional reporting standards for financial audits that go beyond the requirements contained in the AICPA SASs. Auditors must comply with these additional standards when citing GAGAS in their audit reports. The additional GAGAS standards relate to

a. reporting auditors’ compliance with GAGAS (see paragraphs 5.05 through 5.07);

b. reporting on internal control and on compliance with laws, regulations, and provisions of contracts or grant agreements (see paragraphs 5.08 through 5.11);

c. reporting deficiencies in internal control, fraud, illegal acts, violations of provisions of contracts or grant agreements, and abuse (see paragraphs 5.12 through 5.25);

d. reporting views of responsible officials (see paragraph 5.26 through 5.30);

e. reporting privileged and confidential information (see paragraphs 5.31 through 5.33); and

f. report issuance and distribution (see paragraphs 5.34 through 5.38).

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GAO-03-673G Government Auditing Standards