Yellow Book Audits – Sample Financial Statements Needed
Good morning, everyone. I could be mistaken, but I recall that either the AICPA or GAO released a sample set of audited financial statements demonstrating how financials should appear when audited under GAGAS.
Does anyone have any information on where I might find a sample set of these financial statements? I want to ensure that my financials are complete and accurate. Thank you!
One response
Good morning! You’re correct that there are resources available for finding sample audited financial statements under GAGAS (Generally Accepted Government Auditing Standards). The AICPA and GAO do provide guidance and resources that can help you understand the requirements for financial statements audited under these standards.
I recommend checking the GAO’s website, as they have a publication called the “Yellow Book” that outlines the auditing standards and may contain examples or references to sample financials. The AICPA also has various resources, including guidance documents and sample engagements that may be helpful.
Additionally, you might find it beneficial to look for webinars or workshops offered by these organizations, as they often provide practical examples or case studies. If you are part of any professional Accounting associations, they may also have resources or networking opportunities where you can inquire about sample financials.
Good luck with your financials! If you need further assistance or specific links, feel free to ask!