GAO creates checklist for auditor requirements

The Government Accountability Office has developed a checklist to help auditors apply and document the appropriate auditing standards for various types of assessments. The guidance follows revisions that GAO made in July to the standards language.

The Professional Requirements Tool describes which requirements “must” and which “should” be used to comply with financial, performance and other audits, said Jeanette Franzel, director of GAO’s financial management and assurance issues, in the document published Jan. 2.

The July 2007 Revision of the Generally Accepted Government Auditing Standards, also called the “Yellow Book,” clarified language that defines an auditor’s level of responsibility and distinguishes between auditor requirements and additional guidance.

Even with the use of the checklist, auditors still need to be familiar with the explanatory material from the standards revision so that they make the appropriate professional judgments about compliance with requirements. The guidance lists in one column the requirements detailed in the compilation of the government standards and in another whether the standard must or should be followed to comply with the revision.

How and whether an auditor carries out procedures labeled “should” depends on the auditor's professional judgment in line with the objective of the standard, the guidance states.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

The Fed 100

Read the profiles of all this year's winners.

Featured

  • Then-presidential candidate Donald Trump at a 2016 campaign event. Image: Shutterstock

    'Buy American' order puts procurement in the spotlight

    Some IT contractors are worried that the "buy American" executive order from President Trump could squeeze key innovators out of the market.

  • OMB chief Mick Mulvaney, shown here in as a member of Congress in 2013. (Photo credit Gage Skidmore/Flickr)

    White House taps old policies for new government makeover

    New guidance from OMB advises agencies to use shared services, GWACs and federal schedules for acquisition, and to leverage IT wherever possible in restructuring plans.

  • Shutterstock image (by Everett Historical): aerial of the Pentagon.

    What DOD's next CIO will have to deal with

    It could be months before the Defense Department has a new CIO, and he or she will face a host of organizational and operational challenges from Day One

  • USAF Gen. John Hyten

    General: Cyber Command needs new platform before NSA split

    U.S. Cyber Command should be elevated to a full combatant command as soon as possible, the head of Strategic Command told Congress, but it cannot be separated from the NSA until it has its own cyber platform.

  • Image from Shutterstock.

    DLA goes virtual

    The Defense Logistics Agency is in the midst of an ambitious campaign to eliminate its IT infrastructure and transition to using exclusively shared, hosted and virtual services.

  • Fed 100 logo

    The 2017 Federal 100

    The women and men who make up this year's Fed 100 are proof positive of what one person can make possibile in federal IT. Read on to learn more about each and every winner's accomplishments.

Reader comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group