This is the 2011 revision of Government Auditing Standards, commonly referred to as the "Yellow Book." Contains the auditing standards promulgated by the Comptroller General of the United States. Includes the professional standards and guidance, commonly referred to as generally accepted government auditing standards (GAGAS), which provide a framework for conducting high quality government audits and attestation engagements with competence, integrity, objectivity, and independence. These standards are for use by auditors of government entities and entities that receive government awards and...

The coast guard's legacy vessels are either approaching or have exceeded their designed life expectancies. The Coast Guard is replacing these vessels with a more capable fleet; however, cost and management problems have led to delays in the delivery of new vessels.

Eliminating the treat of terrorist attacks continue to be a primary U.S. national security focus. According to the 9/11 Commission, constraining the mobility of terrorists is one of the most effective weapons in fighting terrorism.

In response to the ongoing threats for federal systems and operations posed by cyber attacks, President Bush established the Comprehensive National Cybersecurity Initiative in 2008.

VA provides health care services to various veteran populations- including an aging veteran population and a growing number of younger veterans returning from military operations in Afghanistan and Iraq. VA provides these services at 152 VA medical centers (VAMC) and other facilities that are organized into 21 regional VA networks. Each network is responsible for managing and overseeing the VAMCs within it.

Congestion is geographically concentrated in major metropolitan areas, as close to 80 percent of America's growth and economic development is concentrated in metropolitan areas. Traffic congestion has grown worse in many ways in the past 30 years-trips take longer, congestion affects more of the day and affects more personal trips and freight shipments, and trip travel times are more unreliable. According to AASHTO, travel on the National Highway System has increased fivefold over the past 60 years, from 600 billion miles driven per year to almost 3 trillion in 2009.4 Annual travel is...

Given continuing concerns about financial vulnerabilities in the Foster Care program, you asked us to conduct a review of the program's improper payment estimate and reduction strategies. Specifically, our objectives were to (1) determine the extent to which ACF's estimation methodology generated a reasonably accurate and complete estimate of Foster Care improper payments and (2) determine the extent to which ACF's corrective actions reduced improper payments.

To achieve its primary debt management objective of financing the federal government's borrowing needs at the lowest cost over time, Treasury issues debt through a regular and predictable schedule of auctions across a wide range of securities. Treasury marketable securities consist of bills that mature in a year or less, notes with original maturities of more than 1 to not over 10 years, and bonds with original maturities of more than 10 years.2 Treasury seeks to appeal to a broad range of investors and to provide the market with a high degree of stability in the amount issued of each...

This report transmits the results of GAO's audit of the U.S. government's fiscal years 2015 and 2014 consolidated financial statements. GAO's audit report is incorporated in the enclosed Fiscal Year 2015 Financial Report of the United States Government prepared by the U.S. Department of the Treasury (Treasury). The federal government reported a unified budget deficit of approximately $439 billion for fiscal year 2015, a decrease of about $45 billion from fiscal year 2014. However, the federal government continues to face an unsustainable long term fiscal path. To operate as effectively and...