Problem
Problem I
The General Accountability Office (GAO) issues standards for the audits of governmental organizations, programs, activities, and functions that are commonly referred to as the Yellow Book.
1. Review the latest publication of the Yellow Book on the GAO website, specifically the following sections:
a. Application Guidance: Complying with GAGAS.
b. Relationship between GAGAS and other Professional Standards.
2. In what significant way do financial audits in government and not-for-profit organizations differ from those carried on in business?
Problem II
In ACC410 (GOV & NFP) Considering the material covered during this course, determine two topics that stood out for you and explain why they did.
1. After completing this course, has your opinion on a career in government changed? Why or why not?