This article was originally published by Barrett and Greene, Inc. featuring Leita Hart-Fanta and her efforts to make all auditors aware of new GAO standards.
gao
GAO’s 4 Facets of Inherent Risk
The GAO’s 2024 Yellow Book introduces a fresh focus on assessing risk to audit quality and Section 5.38 outlines four risk factors to consider.
Information Security Risks
The 2025 Green Book reminds us that information security risks are smarter, faster, and less polite than ever before and auditors should take them very seriously!
Improper Payments: A New 2025 Green Book Risk Category
The 2025 Green Book is out and there’s a new risk category… Improper Payments! These are payments that should not have been made, were an incorrect amount or lacked sufficient documentation.
Control Yourself: A Handy Guide to Internal Controls
The GAO’s 2025 Green Book is out! It reminds us controls aren’t just about compliance. It’s about being a good steward of public resources, achieving mission objectives, and earning the public’s trust.
Key Controls
Thank goodness you don’t have to audit every control relevant to your objective, just the KEY controls!
COSO vs. GAGAS
In 2018, the GAO asked us to evaluate the auditee against the COSO model of internal controls. Now in 2024, the GAO is asking us to apply COSO concepts to our own audit organization. Karma!
The New Quality Management Standards
In this special episode of THE SAMPLE, Leita Hart-Fanta, CPA talks to Charles Hall, CPA about the new Quality Management Standards.
3 Roles on an Audit Engagement
GAGAS section 4.10 reminds us professional maturity depends on our ability to tolerate uncertainty and ambiguity. The 3 roles on an audit engagement generally include non-supervisory auditors, supervisory auditors and partners/directors.
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