Investigates FTC administration of laws designed to protect small business against monopolistic practices and unfair methods of competition, pt.1; Investigates FPC administration of antitrust legislation, relating to output, trade, and prices of electric power and services, pt.2; Investigates FCC, CAB, and SEC administration of antitrust legislation. Witnesses were heard in relation to FCC only, pt. 3-5.

Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.