The GAO is inviting comments from managers and auditors at all levels of government, among others, on proposed changes to its Government Auditing Standards–commonly called the Yellow Book.
The “exposure draft” takes into account developments in the auditing, accountability, and financial management professions since the last update in 2011.
Changes involve matters such as independence requirements of auditors, requirements for continuing professional education, standards for peer review, requirements for reporting waste that auditors become aware of during audits, and internal control requirements, among others.
Details of the proposed changes and instructions for commenting are on the GAO site.