The Art of the Finding June 11, 2009 www.sao.state.tx.us/training/

Red Book and Yellow Book Compared

May 2009

The IIA recently published a comparison of the GAO’s Generally Accepted Government Audit Standards (the Yellow Book) and the Institute of Internal Auditor’s Professional Practices Framework (the Red Book).  A very helpful document if you are living in an orange world – using both the yellow and red books.  See a synopsis of the product below as well as a link to the comparison.

Government Audit Standards (Yellow Book) and The IPPF (Red Book):
A Comparison

This comprehensive comparison between the Government Audit Standards and the International Professional Practices Framework (IPPF), can enhance the quality of the internal audit activity. The tool provides messages for appropriate action that should help achieve the internal audit activity’s goals of evaluating and contributing to the improvement of the organization’s risk management, control, and governance. Using this practical tool can help make public sector internal auditors, and the internal audit activity, stronger and more valuable within their organizations and better equip the internal auditor to aid management in the accomplishment of their objectives. Download it for free here.

-----

Leita Hart-Fanta, CPA, CGFM
Resides in Austin, Texas and can be reached at www.auditskills.com