Governmental accounting auditing and financial reporting book
Governmental Budgeting - Appropriations - Encumbrances - Estimated Revenues - CPA Exam Far
GAAFR Governmental Accounting, Auditing and Financial Reporting
Governmental accounting and reporting is complex and changes rapidly. Government accountants and auditors also need to be prepared for significant changes in the future, as some requirements and regulations are put out in advance of their implementation date. Jump to:. Articles and Blogs 1. The board cited difficulty in discerning the magnitude and nature of effects on governmental finances and the ability to raise revenue as the reason behind the proposal. Three key points we like from U. Cost: FREE 2.
The Generally Accepted Government Auditing Standards, also known as the Yellow Book, provides a framework for conducting high-quality audits with competence, integrity, objectivity, and independence. The Yellow Book is used by auditors of government entities, entities that receive government awards, and other audit organizations performing Yellow Book audits. It outlines 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. The 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, , and for performance audits beginning on or after July 1, Early implementation is not permitted. So, what's new in the revision?