Government Auditing Standards (Yellow Book)
The Yellow Book Framework
Government Auditing Standards, commonly called the Yellow Book, establish professional requirements for audits of government entities and organizations receiving governmental assistance. These standards build upon generally accepted auditing standards (GAAS) by adding additional ethics, independence, quality management, reporting, and compliance requirements.
Tip
Think of the Yellow Book as GAAS plus additional government-specific requirements.
Summary
Yellow Book audits expand traditional auditing requirements to emphasize public accountability.