Financial Audit Manual: Volume 2, June 2024

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 2024 revision replaces Financial Audit Manual, Volume 2 (May 2023 version) and contains detailed implementation guidance.

The FAM also consists of:

Volume 1: the audit methodology

Volume 3: the Federal Financial Reporting Checklist