Government Auditing Standards - 2018

The July 2018 Yellow Book provides standards and guidance for auditors and audit organizations, outlining the
requirements for audit reports, professional qualifications for auditors, and audit organization quality
control. Auditors of federal, state, and local government programs use these standards to perform their
audits and produce their reports.

Effective Date

The 2018 revision of the Yellow Book is effective for financial audits, attestation engagements, and
reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits
beginning on or after July 1, 2019.

Some of the key changes to the Yellow Book include:
• a new format that differentiates requirements from application guidance
• updated internal control requirements and guidance
• revised continuing professional education requirements to ensure greater auditor proficiency in
GAGAS
• revised peer review requirements for audit organizations that also comply with peer review
requirements of affiliated organizations
• new requirements for reporting waste that is detected during an audit

Visit WWW.USGOVPUB.COM for a complete list of Government Books we publish. 4th Watch Publishing Co. is a Service Disabled Veteran Owned Small Business (SDVOSB).

Why buy an eBook when you can access data on a website for free? HYPERLINKS

First you gotta find it and make sure it’s the latest version, not always easy. It’s much more cost-effective to just order the latest version from Amazon.com

Anyone that has worked with this document knows how difficult it is to search to find that one bit of critical information. You could go to a government web site and click thru pages endlessly. Not only is it time consuming, but it is exhausting. This book is more than 230 pages long, so printing that out on paper is out of the question. ePublishing changes all that. Yes, the book is available as a PDF file, but how easy is it to navigate a large PDF document on a mobile device? Do you really want to search a 230-page PDF document manually? Load this copy onto your Kindle, PC, iPad, Android Tablet, Nook, or iPhone (download the FREE kindle App from the APP Store) and you have an easily searchable copy. We recommend the Kindle Paperwhite. It’s inexpensive, has long battery life (weeks) and can hold a lot of documents.

Most devices will allow you to easily navigate this ePub version to any Chapter. Note that there is a distinction between a Table of Contents and “Page Navigation”. Page Navigation refers to a different sort of Table of Contents. Not one appearing as a page in the book, but one that shows up on the device itself when the reader accesses the navigation feature. Readers can click on a navigation link to jump to a Chapter or Subchapter. Once there, most devices allow you to “pinch and zoom” in or out to easily read the text. (Unfortunately, downloading the free sample file at Amazon.com does not include this feature. You have to buy a copy to get that functionality, but as inexpensive as this is, it’s worth it.) Kindle allows you to do word search and Page Flip (temporary place holder takes you back when you want to go back and check something).