On 06/30/2013 the Audit Manual was updated. For a markup copy ...

Fraud Risk AssessmentCurrent Developments and Other Matters – Appendix B
The OMB A-133 2013 Compliance Supplement will supersede the OMB Circular A-133
Compliance Supplement issued in June 2012. The 2013 Compliance Supplement should
be available by the end of June. Continue to check the site at
http://www.whitehouse.gov/omb/circulars_default/.
14. Government Auditing Standards (i.e., Yellow Book) issued by the Government
Accountability Office (GAO)
The 2011 revision of Government Auditing Standards supersedes the 2007 revision. The
2011 revision should be used by government auditors until further updates and revisions
are made. An electronic version of this document can be accessed on GAO's Yellow Book
Web page at http://www.gao.gov/yellowbook. The 2011 revision of Government Auditing
Standards is effective for financial audits and attestation engagements for periods ending
on or after December 15, 2012, and for performance audits beginning on or after December
15, 2011.
15. Standards effective in future years:
• June 30, 2014 and June 30, 2015
• GASB 70, Accounting and Financial Reporting for Nonexchange Financial
Guarantees
Effective Date: The provisions of Statement 70 are effective for financial statements
for reporting beginning after June 15, 2013. Earlier application is encouraged.
• GASB 69, Government Combinations and Disposals of Government Operations
Effective Date: The provisions of Statement 69 are effective for government
combinations and disposals of government operations occurring in financial
reporting periods beginning after December 15, 2013, and should be applied on a
prospective basis. Early application is encouraged.
• GASB 68, Accounting and Financial Reporting for Pensions—an amendment of
GASB Statement No. 27
Effective Date: The provisions of Statement 68 are effective for fiscal years
beginning after June 15, 2014. Earlier application is encouraged.
Note: During the production process, an incorrect cross-reference was inadvertently
introduced into paragraph 134 of Statement 68, which addresses circumstances in
which a nonemployer entity’s legal obligation for contributions directly to a defined
contribution plan does not meet the definition of a special funding situation. In
paragraph 134, the cross-reference should be to paragraphs 127 and 128. The
document now available for download (as of August 6, 2012) and the soon to be
released printed document include the correct cross-reference.
• GASB 67, Financial Reporting for Pension Plans—an amendment of GASB
Statement No. 25
APP.B-13