The purpose of this GAQC Alert is to inform you of the following matters that involve requests for comment:
An exposure draft (ED) of proposed changes to Government Auditing Standards (also known as the Yellow Book) has been issued by the Government Accountability Office (GAO);
The U.S. Office of Management and Budget (OMB) has issued a Notice of Request for Information (RFI) asking for ideas on future revisions to Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards