Amendment No. 2 broadens the parties with whom the auditor must communicate and requires the auditor to communicate specific information regarding the nature and extent of testing and reporting on compliance with laws and regulations and internal control over financial reporting during the planning stages of a financial statement audit. The Advisory Council on Government Auditing Standards recommended the issuance of this amendment to reduce the risk that the needs or expectations of the parties involved may be misinterpreted and to highlight the importance of the auditor's reports on compliance with laws and regulations and internal control over financial reporting required under Government Auditing Standards . This amendment was exposed for public comment before issuance and various suggestions were incorporated into the final amendment. Appendix III contains a list of members to the Comptroller General's Advisory Council on Government Auditing Standards. This amendment is effective for financial statement audits of periods ending on or after Jan. 1, 2000.
Earlier application is permissible.
This site also contains a new electronic version of Government Auditing Standards , which codifies new amendments by reflecting changes made resulting from the issuance of these amendments. The new model will enhance security aspects for the information protection principle . Also, the B2B model must contain embedded criteria that deal with the use of specialized passwords or log-ins. Government Reporting Models for 2000 and Beyond . How to Prepare and Audit Them .