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The 2010 Financial Report of the United States Government was released on December 21, 2010. [21] The accompanying press release states that the GAO 'cannot render an opinion on the 2010 consolidated financial statements of the federal government , because of widespread material internal control weaknesses, significant uncertainties, and other ...
The comptroller general of the United States is the director of the Government Accountability Office (GAO, formerly known as the General Accounting Office), a legislative-branch agency established by Congress in 1921 to ensure the fiscal and managerial accountability of the federal government.
The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the United States by the Government Accountability Office (GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: Independence; Due care
It was updated in 2004, when the agency changed names from General Accounting Office to Government Accountability Office. In 2009, the GAO apparently tweaked their version; the eagle's head is now white and the beak is yellow (previously those colors were reversed), and the tail feathers were changed from brown to white.
The Pentagon has found $2 billion worth of additional errors in its calculations for ammunition, missiles and other equipment sent to Ukraine, increasing the improperly valued material to a total ...
The US Government Accountability Office (GAO) promulgates the Yellow Book. In July 2018, GAO issued a new revision of the Yellow Book [1] , which supersedes the 2011 revision. The 2018 revision is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for ...
Rising government debt levels have seemingly always been in the headlines. In recent years, U.S. debt levels have become political, with one side of the aisle often refusing to raise the debt limit...
The Government Accountability Office said the Nuclear Regulatory Commission has not implemented 11 of the 18 recommendations it has made to address gaps in how the agency regulates fissile nuclear ...