The Yellow Book is a comprehensive document containing general standards, performance standards, and reporting standards for audit and attestation engagements. Using a highly illustrative format to increase concept comprehension and retention, this seminar will increase your confidence and proficiency in performing Yellow Book engagements through a thorough understanding of the standards.
DESIGNED FOR
Auditors performing Yellow Book engagements.
BENEFITS
- Thoroughly understand the requirements of the 2011 Yellow Book revision
- Excel in the Yellow Book auditing arena
- Save time on Yellow Book engagements via an in-depth knowledge of the requirements
HIGHLIGHTS
- The purpose and applicability of the Yellow Book (a.k.a. Government Auditing Standards or GAGAS)
- Ethical principles in Yellow Book engagements
- Types of Yellow Book audit and attestation engagements
- The use of terminology to define the Yellow Book requirements
- The Yellow Book’s general requirements, including the new independence requirements, professional judgment, competence (including CPE), and quality control and assurance (including peer review)
- The Yellow Book performance and reporting standards for financial audits
- Additional considerations related to Yellow Book financial audits, such as materiality and early communication of deficiencies
- The Yellow Book requirements for attestation engagements (examinations, reviews and agreed-upon procedures) and performance audits
COURSE LEVEL
Basic
PREREQUISITES
Basic audit knowledge.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book.