Skip to main content

Lapse in Appropriations

Please note that a lapse in appropriations has caused GAO to shut down its operations. Therefore, GAO will not be able to publish reports or otherwise update this website until GAO resumes operations. In addition, the vast majority of GAO personnel are not permitted to work. Consequently, calls or emails to agency personnel may not be returned until GAO resumes operations. For details on how the bid protest process will be handled during the shutdown, please see the legal decisions page. For information related to the GAO Personnel Appeals Board (PAB), please see the PAB webpage.

Professional Standards Update No. 80

Published: Apr 26, 2021. Publicly Released: Apr 27, 2021.
Jump To:
Skip to Highlights

Highlights

To alert the audit community to changes in professional standards, we periodically issue Professional Standards Updates (PSU). The purpose of these updates is to highlight the effective dates and issuance of recent standards and guidance related to engagements conducted in accordance with Government Auditing Standards. PSUs contain summary information only, and those affected by a change should refer to the respective standard or guidance for details. This PSU has three sections.

Full Report

GAO Contacts

James R. Dalkin
Director
Financial Management and Assurance

Media Inquiries

Sarah Kaczmarek
Managing Director
Office of Public Affairs

Public Inquiries

Topics

Accounting periodsAccounting standardsAudit riskCertified public accountantsEmployee benefit plansFinancial auditsFinancial managementFinancial reportingFinancial statementsGovernment auditing standardsInternal auditorsInternal auditsProfessional standardsQuality assuranceReporting requirements