Financial Audit Manual: Volume 1, June 2024
Fast Facts
The Financial Audit Manual (FAM) presents a methodology for performing financial statement audits of federal entities in accordance with professional standards. It is a tool for enhancing accountability over taxpayer-provided resources.
This June 2024 revision replaces Financial Audit Manual, Volume 1 (May 2023 version) and contains the audit methodology.
The FAM also consists of:
Volume 2: detailed implementation guidance
Volume 3: the Federal Financial Reporting Checklist
Highlights
The U.S. Government Accountability Office (GAO) and the Council of the Inspectors General on Integrity and Efficiency (CIGIE) maintain the GAO/CIGIE Financial Audit Manual (FAM).
For more information, please visit the main Financial Audit Manual page, or contact Dawn B. Simpson at (202) 512-3406 or SimpsonDB@gao.gov.