WASHINGTON UPDATE.

Presents several news briefs related to accounting in the U.S. details of the final report issued recently by the American Institute of Certified Public Accountants task force on the quality of audits of governmental units; Information that the U.S. Securities and Exchange Commission, by a unanimous 5-0 vote at a recent open meeting, approved proposed amendments requiring mandatory peer review for CPA firms auditing financial statements filed with the commission; Information that the U.S. General Accounting Office recently released a draft of proposed revisions to its "Standards for Audit of Governmental Organizations, Programs, Activities, and Functions," commonly called the "yellow book.