Do you perform engagements in accordance with Generally Accepted
Government Auditing Standards (GAGAS or GAS or the “Yellow Book”)? This
course provides an excellent baseline of information to accountants in
understanding governmental auditing foundations, morals, general audit
standards, financial audit standards, attestation engagement standards,
field work standards, and reporting standards for performance audits. It
is essential that all auditors planning and conducting audits in
accordance with Government Auditing Standards understand and be able to
discern these concepts and standards in executing their
responsibilities.
Learning Objectives
Identify the guidance found in the Yellow Book.
Recognize the Yellow Book guidance regarding independence.
Perform effective and efficient Yellow Book engagements with a thorough understanding of the requirements.
Adhere to the Yellow Book requirements for financial statement audits, attestation engagements, and performance audits.
Major Topics
Foundation and ethical principles of government auditing
Standards for use and application of Generally Accepted Government Auditing Standards (Yellow Book)
Financial audits, performance audits, attestation engagements, and nonaudit services provided by audit organizations
General standards, including independence
Standards for financial audits
Standards for attestation engagements
Fieldwork standards for performance audits
Reporting standards for performance audits
Latest developments
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
Government
CPE Field of Study
Auditing (Governmental)
8
Who Should Attend
Government auditors and public accountants planning or conducting audits in accordance with Generally Accepted Government Auditing Standards (GAGAS) (“Yellow Book”)