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GAO audits are
For audits involving governmental entities or government contracts
DOL audits are
for pension plans
Bank regulator audits are
of entities insured by the FDIC, FSLIC, etc.
GAO standards apply to
Auditors employed by the federal government or who audit a governmental entity or government contract.
Book of GAO standards
Ethical principles addressed by the Yellow Book
- Public interest
- Professional behavior
- Proper use of government information, resources, and position
DOL covered members (called members)
- All owners, partners, or shareholders in the accounting firm
- All professional employees who participate in the audit
- All professional employees who are located in an office that participates in a significant portion of the audit