Yellow Book

[YEL-oh book]

What is the definition of Yellow Book?

The 'Yellow Book' refers to the 'Government Auditing Standards' issued by the Comptroller General of the United States, which outlines the auditing standards for government organizations, programs, activities, and functions, as well as for entities receiving government assistance.

Using Yellow Book in an Example

The Yellow Book provides guidelines for auditors to ensure that financial audits of government-funded programs are conducted in a standardized and thorough manner, ensuring accountability and transparency in the use of federal funds.

Using Yellow Book in a sentence

During the audit, the team referred to the Yellow Book to ensure all procedures were in compliance with government auditing standards.

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