Financial Audit Manual: Volume 3, August 2025
Fast Facts
The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources.
This August 2025 revision replaces Financial Audit Manual, Volume 3 (July 2024 version) and contains the Federal Financial Reporting Checklist.
The FAM’s other volumes are:
Volume 1: the audit methodology
Volume 2: detailed implementation guidance
You can download all volumes of the FAM in Word and certain Excel templates, and see prior versions of the manual on the main FAM page.
Highlights
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 FAM page, or contact Dawn B. Simpson at SimpsonDB@gao.gov.