Government Accountability Office (GAO) Reports
Does your audit organization have questions about designing and implementing a system of quality management that complies with the 2024 Yellow Book?
Since GAO issued the Yellow Book in February 2024, auditors and audit organizations that use the Yellow Book have requested additional guidance about establishing and maintaining a system of quality management.
This guide provides answers to these frequently asked questions.
Some federal grant recipients pass some of their award funding to subrecipients. However, there have been issues with the completeness and accuracy of information about these subawards. This can make it challenging to track where subaward funds are ultimately spent.
While grant recipients are responsible for overseeing their subawards, federal agencies must ensure that they are effectively doing so. This includes reviewing audit findings and checking that reporting is taking place.
Recent guidance from the Office of Management and Budget should enhance this oversight, leading to improved data about subawards, among other things.
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The Economic Analysis Division (EAD) strives to promote an understanding of Wyoming’s economy by supplying accurate, relevant, and timely research and analysis about the economic accounts of the state. EAD serves as Wyoming's Data Center and manages important financial reports, including the Wyoming Cost of Living Index (WCLI), the Consensus Revenue Estimating Group (CREG) Report, and the Wyoming Gross Domestic Product. EAD also oversees regular economic forecasts, health insurance information, county economic profiles, and data about income, employment, and earnings in Wyoming counties.