GAO Issues Exposure Draft of New “Yellow Book” | PNWC’s Government Contracting Update

Earlier this month, The GAO (Government Accountability Office) published proposed changes to its Yellow Book, also known as Generally Accepted Government Auditing Standards or GAGAS and invited public comments. These Government Auditing Standards are followed by auditors performing audits of Government programs including contract audits performed by the Defense Contract Audit Agency (DCAA). Whether Government contractors realize it or not, whenever they are being audited, the auditors are following the auditing principles embodied in GAO’s “Yellow Book”.

Source: PNWC’s Government Contracting Update: GAO Issues Exposure Draft of New “Yellow Book”