What is a GAO report?
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What is a GAO report?
GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
What were the results of the 1975 GAO study?
The 1975 amendments to the Older Americans Act established four priority services for the elderly: transportation, home services, legal and other counseling, and residential repair and renovation. The amendments also established minimum spending requirements for the priority areas for States.
What is the GAO and what does it do?
The Government Accountability Office (GAO) is known as “the investigative arm of Congress” and “the congressional watchdog.” GAO supports the Congress in meeting its constitutional responsibilities and helps improve the performance and accountability of the federal government for the benefit of the American people.
What does GAO regulate?
GAO, often called the “congressional watchdog,” is an independent, non-partisan agency that works for Congress. GAO examines how taxpayer dollars are spent and provides Congress and federal agencies with objective, non-partisan, fact-based information to help the government save money and work more efficiently.
Which body develops independence rules that apply to engagements performed under generally accepted government auditing standards?
the Government Accountability Office (GAO)
The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the “Yellow Book”, are produced in the United States by the Government Accountability Office (GAO).
What does the GAO regulate?
Is the GAO nonpartisan?
GAO is an independent, nonpartisan agency in the legislative branch of the U.S. Government charged with several basic responsibilities: to assist the Congress, committees and Members to carry out their legislative, budget control, and oversight or review responsibilites; to carry out financial control and other …
What is the GAO quizlet?
Government Accountability Office. Governmental agency that provides auditing, evaluation, and investigative services for the US Congress.
What is the Yellow Book in auditing?
About The Yellow Book The Yellow Book is used by auditors of government entities, entities that receive government awards, and other audit organizations performing Yellow Book audits. It outlines the requirements for audit reports, professional qualifications for auditors, and audit organization quality control.
What can impair auditors independence?
The auditors are not to accept gifts, fees or anything from auditee. The acceptance of such gifts may impair the auditor’s objectivity. The internal auditors are also required to immediately report any such offer to their supervisors if any.
