GAO today issued the July 2007 revision of the Government Auditing Standards (the Yellow Book).
The July 2007 revision of Government Auditing Standards supersedes the 2003 revision and updates the January 2007 revision. This revision contains the January 2007 revision plus updated quality control and peer review sections in chapter 3 which were exposed in January 2007. The July 2007 revision represents the completed 2007 revision of Government Auditing Standards, and is the version that should be used by government auditors until further updates and revisions are made.
An electronic version of this document can be accessed on GAO’s Yellow Book Web
page at http://www.gao.gov/govaud/ybk01.htm .