The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services
What is a grant audit?
Grant audits are a highly specialist area within the audit profession
Many grants, such as Horizon Europe, Horizon 2020, INTERREG, InnovateUK and US Federal Funding need to be certified and reported to funders by an independent Registered Auditor
Why is government auditing important?
Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever
Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future
The professional standards presented in this 2018 revision of
Auditing government grants
The Audit Commission was a statutory corporation in the United Kingdom. \nThe commission's primary objective was to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee their work. The commission closed on 31 March 2015, with its functions being transferred to the voluntary, not-for-profit or private sector.
His Majesty's Government is the central executive authority
Executive authority of the United Kingdom
His Majesty's Government is the central executive authority of the United Kingdom of Great Britain and Northern Ireland. The government is led by the prime minister who selects all the other ministers. The country has had a Conservative-led government since 2010, with successive prime ministers being the then leader of the Conservative Party. The prime minister and their most senior ministers belong to the supreme decision-making committee, known as the Cabinet.
UK accounting professional services network
Grant Thornton is the world's seventh-largest by revenue and sixth-largest by number of employees professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd. is a not-for-profit, non-practising, international umbrella membership entity organised as a private company limited by guarantee. Grant Thornton International Ltd. is incorporated in London, England, and has no share capital.
The Audit Commission was a statutory corporation in the United Kingdom
The Audit Commission was a statutory corporation in the United Kingdom. \nThe commission's primary objective was to appoint auditors to a range of local public bodies in England, set the standards for auditors and oversee their work. The commission closed on 31 March 2015, with its functions being transferred to the voluntary, not-for-profit or private sector.
His Majesty's Government is the central executive authority of
Executive authority of the United Kingdom
His Majesty's Government is the central executive authority of the United Kingdom of Great Britain and Northern Ireland. The government is led by the prime minister who selects all the other ministers. The country has had a Conservative-led government since 2010, with successive prime ministers being the then leader of the Conservative Party. The prime minister and their most senior ministers belong to the supreme decision-making committee, known as the Cabinet.
UK accounting professional services network
Grant Thornton is the world's seventh-largest by revenue and sixth-largest by number of employees professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd. is a not-for-profit, non-practising, international umbrella membership entity organised as a private company limited by guarantee. Grant Thornton International Ltd. is incorporated in London, England, and has no share capital.
