Based on Government Auditing Standards, 2018 Revision, this course is essential for auditors performing Yellow Book audits. It provides detailed information about conducting engagements in accordance with the Yellow Book and requirements related to independence. This course will increase your knowledge of the requirements and application guidance related to ethics, standards for financial audits, attestation engagements, performance audits, and more.
Learning Objectives
- Distinguish the types of engagements that are performed under generally accepted government auditing standards (GAGAS)
- Recognize the requirements found in Government Auditing Standards (Yellow Book)
- Identify the requirements and guidance related to independence
- Recall the requirements regarding CPE, professional judgement, quality control and peer review under GAGAS
- Identify the additional requirements for performing and reporting on a financial audit under GAGAS
- Recall the requirements for performing attestation and review of financial statement engagements and performance audits under GAGAS
Major Topics
- Foundation and principles for use and application of GAGAS
- General requirements for complying with the Yellow Book
- Ethics, independence, and professional judgment
- Competence and CPE
- Quality control and peer review
- Standards for financial audits
- Standards for attestation and review engagements
- Fieldwork and reporting standards for performance audits
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