[The following footnote was effective for audits of fiscal years beginning before December 15, 2014. See PCAOB Release No. 2014-002 for audits of fiscal years beginning on or after December 15, 2014, or return to the current version.]

fn 41 For example, Government Auditing Standards (the Yellow Book) require auditors to report fraud or illegal acts directly to parties outside the audited entity in certain circumstances.