The Red Book in Auditing
The Red Book is a multi-volume treatise on federal fiscal law published by the U.S. Government Accountability Office (GAO) (https://www.gao.gov/legal/appropriations-law/red-book). It provides guidance and principles for federal appropriations law.
Content of the Red Book
The Red Book covers various topics related to federal fiscal law, including:
Key Facts
- The Red Book by the U.S. GAO: The Red Book published by the U.S. Government Accountability Office (GAO) is a multi-volume treatise on federal fiscal law. It provides guidance and principles for federal appropriations law.
- Content of the Red Book by the U.S. GAO: The Red Book covers various topics related to federal fiscal law, including the legal framework, availability of appropriations, obligation of appropriations, federal assistance, acquisition of goods and services, real property, claims against and by the government, and miscellaneous topics.
- Purpose of the Red Book by the U.S. GAO: The Red Book aims to provide text discussion with reference to specific legal authorities to illustrate legal principles, their application, and exceptions in the context of federal fiscal law.
- The legal framework
- Availability of appropriations
- Obligation of appropriations
- Federal assistance
- Acquisition of goods and services
- Real property
- Claims against and by the government
- Miscellaneous topics
Purpose of the Red Book
The Red Book aims to provide text discussion with reference to specific legal authorities to illustrate legal principles, their application, and exceptions in the context of federal fiscal law.
Sources
- https://yellowbook-cpe.com/red-book-vs-yellow-book.html
- https://www.theiia.org/en/standards/international-professional-practices-framework/
FAQs
What is the Red Book?
The Red Book is a multi-volume treatise on federal fiscal law published by the U.S. Government Accountability Office (GAO).
What is the purpose of the Red Book?
The Red Book aims to provide guidance and principles for federal appropriations law.
What topics does the Red Book cover?
The Red Book covers various topics related to federal fiscal law, including the legal framework, availability of appropriations, obligation of appropriations, federal assistance, acquisition of goods and services, real property, claims against and by the government, and miscellaneous topics.
Who publishes the Red Book?
The Red Book is published by the U.S. Government Accountability Office (GAO).
Who is the intended audience for the Red Book?
The Red Book is intended for auditors, accountants, government officials, and other professionals who work with federal fiscal law.
How often is the Red Book updated?
The Red Book is updated periodically to reflect changes in federal fiscal law.
Where can I find the Red Book?
The Red Book is available online on the GAO’s website.