Based on *Government Auditing Standards*, 2024 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 participants' knowledge of the requirements and application guidance related to ethics, standards for financial audits, attestation engagements, and performance audits.
DESIGNED FOR
Government auditors and public accountants
BENEFITS
- Recognize the types of auditors and audit organizations that may employ GAGAS to
conduct their work.
- Identify and apply the requirements contained in Government Auditing Standards
(generally accepted government auditing standards, GAGAS, or the Yellow Book).
- Recognize the fundamental ethical principles and the role of professional judgment
in the government environment.
- Recognize requirements relating to competence and continuing professional
education.
- Identify additional GAGAS requirements for conducting and reporting on financial
audits.
- Identify the three types of attestation engagements found in generally accepted
government auditing standards (GAGAS or the Yellow Book) and the additional
GAGAS requirements beyond those of the AICPA for attestation engagements.
- Recall the overall approach for auditors to apply in planning and performing an audit
to obtain suficient, appropriate evidence that provides a reasonable basis for findings and conclusions based on the audit objectives.
HIGHLIGHTS
- Foundation and principles of generally accepted government auditing standards
(GAGAS)
- Yellow Book compliance requirements
- Ethics, independence and professional judgment
- Competence and continuing professional education
- Quality control and peer review
- Standards for financial audits, attestation engagements and reviews of financial
statements
- Fieldwork and reporting standards for performance audits
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for Yellow Book credit