Yellow Book Standards

With the inflow and subsequent spending of ARPA funds, more local governments than ever before will be subject to Government Auditing Standards, aka Yellow Book standards beginning in fiscal year 2022 and beyond.  What exactly does that mean and why should you be thinking about this now?  Read our memo to find out – Memorandum 2019-07 2018 Revision – Government Auditing Standards (GAGAS) AKA “The Yellow Book.”