Financial Audit Manual: Volume 2, June 2022

GAO-22-105895 Published: Jun 30, 2022. Publicly Released: Jun 30, 2022.
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Fast Facts

The Financial Audit Manual (FAM) presents a methodology for auditors to perform financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources.

This publication supersedes Financial Audit Manual, Volume 2, June 2018 (Updated March 2021) and contains detailed implementation guidance.

The FAM also consists of:

  • Volume 1: audit methodology
  • Volume 3: the Federal Financial Reporting Checklist

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The U.S. Government Accountability Office (GAO) and the Council of the Inspectors General on Integrity and Efficiency (CIGIE) maintain the GAO/CIGIE Financial Audit Manual (FAM).

For more information, please visit the main Financial Audit Manual page, or contact Dawn B. Simpson at (202) 512-3406 or

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