CPE: 4 hours
Category: Government & Nonprofit
Advanced prep: None
Who should attend: Gov't auditors and public accts. planning/conducting audits in accordance with Gov't Auditing Stds.
Yellow Book: Yes
Do you perform engagements in accordance with the Yellow Book? This course provides an excellent baseline of information to accountants in understanding governmental auditing. It is essential that all auditors planning and conducting audits in accordance with Generally Accepted Government Auditing Standards (GAGAS, GAS, or simply the “Yellow Book”) understand and be able to discern key concepts and standards accordingly in executing their responsibilities.
When you complete this course you will be able to:
Readily understand the key changes contained in the most recent Yellow Book revision related to financial audits.
Apply Yellow Book requirements related to CPE, independence, and peer review.
Comply with general, field work, and reporting requirements related to Yellow Book financial audits.
Foundation and ethical principles of government auditing
Standards for use and application of Generally Accepted Government Auditing Standards (GAGAS) ("Yellow Book")
Financial audits, performance audits, attestation engagements and nonaudit services provided by audit organizations
Standards for financial audits
Standards for attestation engagements