The recently-published 2024 Yellow Book changed its audit quality control standards. Previously, an annual monitoring report was a requirement. Now, there’s an annual evaluation report with a conclusion regarding the strength of the quality management system. Check out this contrast for more clarity on the standard’s new expectations.
Monitoring
The Most Important Change to the Yellow Book is the Green Book
I’ve had a few months to digest the changes to the 2018 Yellow Book (Government Auditing Standards),and I’ve taught a few seminars and webinars about the changes. Most of the changes do not shock my audiences. But I am noticing that quite a few auditors are not familiar with the Green Book which was published by […]
Pulling It All Together
What’s the matter with the crowd I’m seeing? “Don’t you know that they’re out of touch?” Should I try to be a straight-A student? “If you are then you think too much. Don’t you know about the new fashion, honey? All you need are looks and a whole lot of money?” It’s the next phase, […]
Chapter 13: Monitoring
Once there were parking lots Now it’s a peaceful oasis You’ve got it, you’ve got it This was a Pizza Hut Now it’s all covered with daisies You got it, you got it I miss the honky tonks, Dairy Queens, and 7-Elevens You got it, you got it And as things fell apart Nobody paid […]