Ace the 2025 CGFM Exam – Turbocharge Your Path to Financial Mastery!

Question: 1 / 875

Who is responsible for issuing the Yellow Book?

U.S. Treasury

Government Accountability Office

The Yellow Book, formally known as "Government Auditing Standards," is published by the Government Accountability Office (GAO). It provides a comprehensive framework for auditing government programs and operations, ensuring accountability and transparency in the use of public funds. By establishing guidelines for both financial and performance audits, the Yellow Book helps auditors assess the effectiveness and efficiency of government activities.

The GAO plays a crucial role in promoting good governance and accountability in the public sector, and issuing the Yellow Book is a key function that supports auditors in their mission. The standards outlined in the Yellow Book are essential for maintaining a high level of integrity and credibility in government audits, making the GAO the appropriate organization responsible for this publication.

Get further explanation with Examzify DeepDiveBeta

Office of Management and Budget

National Audit Office

Next Question

Report this question

Download Certified Government Financial Manager (CGFM) Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy