What is GAGAS?
GAGAS is an acronym for “Generally Accepted Government Auditing Standards. GAGAS provides the audit standards that should be followed for governmental audits. GAGAS is regulated by the Government Accountability Office (GAO).
GAGAS is also commonly referred to as the “Yellow Book”.
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What are the five ethical principles according to GAGAS?
The five principles below are outlined by GAGAS to ensure that the auditor is serving the public interest while conducting their work with integrity and objectivity. The five ethical principles are: 1) Serving the public interest – The auditor should conduct their work with the public’s best interest in mind. Remember, you are a key […]