What are generally accepted government auditing standards known as?

The term "Yellow Book" refers to the Generally Accepted Government Auditing Standards (GAGAS), which are established by the Government Accountability Office (GAO). These standards provide a framework for auditing government entities and programs, ensuring accountability and transparency in the use of public funds. The name "Yellow Book" originates from the color of the publication in which these standards are documented.

Understanding the role of Yellow Book standards is crucial for auditors working in governmental contexts, as these guidelines dictate how audits should be conducted, ensuring consistency and reliability in financial reporting. They cover a range of topics including the auditor's responsibilities, ethics, audit planning, internal controls, and reporting.

In contrast, the other options are not accurate representations of these auditing standards. The term "Audit Report" refers to a document that presents the results of an audit rather than a set of standards. "GAAP," which stands for Generally Accepted Accounting Principles, pertains to financial reporting standards for non-government entities. "No other name" implies that additional terminology exists when, in fact, "Yellow Book" is the widely recognized label for the applicable government auditing standards.