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Weekly Update for Government Contractors and Commercial Businesses – August 2023 #4 | PilieroMazza PLLC

SBA to Require Individually-Owned 8(a) Firms to Support Social Disadvantage Prior to 8(a) Award Approval - As PilieroMazza recently reported, on July 19, 2023, the U.S.. ....

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David Hitchcock retires after 43 years at S&P

"Dave has always worked hard, maintained the highest analytic integrity and role modeled independent thought," said Eden Perry, S&P head of U.S public finance. "He will be missed." ....

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Government Auditing Standards: 2023 Exposure Draft

Auditors around the world use our Yellow Book Government Auditing Standards to perform audits. We maintain the Yellow Book and stay on top of domestic. ....

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Faculty member appointed to U.S. government advisory council

Renee Flasher, assistant professor of accounting in Penn State Harrisburg’s School of Business Administration, was appointed as an academic representative to the Comptroller General’s Advisory Council on Government Auditing Standards by the Comptroller General of the United States. ....

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Government Auditing Standards: 2018 Revision Technical Update April 2021 (Supersedes GAO-18-568G)

Highlights
The Yellow Book provides standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. Auditors of federal, state, and local government programs use these standards to perform their audits and produce their reports.
Effective Date
The 2018 revision of the Yellow Book is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. Early implementation is not permitted.
The technical updates to the 2018 revision of the Yellow Book are effective upon issuance. ....

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