Just when you thought you could enjoy the holidays, the GAO added a brand new Q&A document on quality management.
quality management
Monitoring vs. Evaluation
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.
7 Steps of Quality Management
The 2024 Yellow Book lays out 7 steps of quality management for government audits. This summary will help jumpstart your compliance journey.
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