audits in 2024 , but it seems intuitive to become familiar with the 2024 version of the Yellow Book .
Section 2.21 of the Yellow Book ( 2024 ) states that “[ t ] he auditors ’ determination of noncompliance with applicable requirements is a matter of professional judgment , which is affected by the significance of the requirement ( s ) not followed concerning the engagement objectives .” For example , there may be a particular document that a Regional Center fails to produce during an audit . Still , if the specific significance of that document is not as crucial as other requested documentation , then it is likely that the auditor will consider the Regional Center to have complied overall .
Under the Yellow Book standards , whether an instance of noncompliance causes a negative outcome once the audit is completed depends on the overall aggregate effect of noncompliance with GAGAS requirements . iv That being said , think of the conclusion of
It is important to pay attention to any deadlines in the audit notice or request for documentation and ask for clarification if terms do not make sense to the Regional
Center staff
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