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Financial Audit Manual GAO 25 107705 Volume 1 June 2025 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 2025 revision replaces Financial Audit Manual, Volume 1 (June 2024 version) and contains the audit methodology. The FAM's other volumes are: Volume 2: detailed implementation guidance Volume 3: the Federal Financial Reporting Checklist
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