Academic journal article Journal of Accountancy

GAO Appoints Yellow Book Advisory Council

Academic journal article Journal of Accountancy

GAO Appoints Yellow Book Advisory Council

Article excerpt

A 20-member council has been named to work with the General Accounting Office in keeping current the GAO Government Auditing Standards (the yellow book). The Government Auditing Standards Advisory Council was appointed by Charles A. Bowsher, the immediate past U.S. comptroller general and head of the GAO; it will work directly with the successor comptroller general on revisions and interpretations of and guidance on the yellow book. The advisory council will not issue standards.

Although this is not the first advisory council appointed by the comptroller general, it is the first permanent one. Members will serve staggered two-, three- and four-year terms to ensure continuity; subsequent appointments will be for three years. Past advisory councils were operational only while the yellow book was being revised. "This council will establish more formal procedures than the previous ones, which met only occasionally" said Marcia B. Buchanan, CPA, assistant director, government accounting standards, of the GAO. "It is time again to work on yellow book revisions," said Buchanan, who is the staff director of the new council. "This council will ensure that the continued development of standards is accepted by the government audit community."

The advisory council includes chairman James B. Thomas, Jr., director of auditing, Office of Chief Inspector General, Tallahassee, Florida; vice-chairman Richard Tracy, director of audits, Portland, Oregon; Robert H. Attmore, deputy state comptroller for management audit and financial reporting, Albany, New York; Thomas R. …

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