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Published 1 (2024-07-30)

handle is hein.gao/gaoqod0001 and id is 1 raw text is: GAiOU.S. GOVERNMENT ACCOUNTABILITY OFFICE

Memorandum

Date:       July 30, 2024
To:         GAO's Financial Management and Assurance (FMA) Team
Council of the Inspectors General on Integrity and Efficiency
Financial Audit Community
From:       James R. Dalkin, Director, FMA
Phyllis Anderson, Assistant Director, FMA; Matthew Gardner, Auditor-in-Charge, FMA
Subject:    Professional Standards Update No. 93, April through June 2024
To alert you to changes in professional standards, we periodically issue Professional Standards Updates
(PSU).1 These updates highlight the effective dates of recently issued standards and guidance related to
engagements conducted in accordance with Government Auditing Standards.2 PSUs contain summary
information only, and those affected by a change should refer to the respective standard or guidance for
details.
This PSU has two sections:
* Section I identifies select standards and guidance with their respective effective dates. Section I
contains standards effective for
o audits of financial statements for periods ending after March 31, 2024;
o attestation reports dated after March 31, 2024; and
o accounting for reporting periods beginning after January 15, 2023.
* Section II identifies select standards and guidance that were issued from April 2024 through June
2024.
1Previous PSUs can be found on the Professional Standards Updates web page.
2GAO, Government Auditing Standards: 2018 Revision Technical Update April 2021, GAO-21-368G (Washington, D.C.: April 2021).

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