The Key Principles of GAGAS Read the overview below and complete the activitles that follow GAGAS, or Generally Accepted Government Auditing Standards, are commonly referred to as the "Yellow Book They are produced in the United States by the Government Accountability Office (GAO), The GAO issued GAGAS for use In auditing federal entities and organizatlons that recelve federal financial assistance CONCEPT REVIEW GAGAS place additional emphasis on ethical principles as the basis for the implementation of the standards UI ncluding flve key principles to guide government audits The GAO is the publication entitled Government Auditing Standards, which include GAGAS This publication is commonly referred to as the 2 These GAGAS apply only when regulated by 3 GAGAS provide audits for financial anda 4 Audit communication with GAGAS require Book regulation or agreement audits ommunication with the client, those charged with governance and 5. Objectivit lude ing from influence and