Further illumination has just arrived in the form of Federal Government Auditing: Laws, Regulations, Standards, Practices and Sarbanes-Oxley from John Wiley & Sons Inc.

The 360-page book is a comprehensive, well-organized guide to the unique requirements of federal government auditing, aimed at government auditors, inspectors general, budget officers, financial managers, legislators, military comptrollers and others with a stake in agency financial management.

Written by four certified public accountants at Kearney & Co., a firm that specializes in providing auditing, accounting and IT services to the federal government, the book covers:

• The background of federal auditing and federal audit criteria
• The federal budget system and federal financial statements
• OMB and Government Accountability Office initiatives
• Sarbanes-Oxley, including its implications for federal audits

The book also includes descriptions of the scope and work of an audit of federal departments and agencies; real-life examples of federal audits; and separate chapters devoted to single audits, performance audits, procurement and contract audits, and grant audits.