Complying with Government Auditing Standards and Professional Ethics (eBook)

  • Credits: 4
  • Format: Self-Study eBook
  • Field of Study: Auditing
  • Author/Speaker: Tax CE Publishing
Course ID: Advanced Preparation: Experience Level:
AC-951.S None Overview
Published Date: Program Prerequisites: Other Course Formats:
© March 2021 General Understanding of Auditing Process Self-Study eBook
COURSE DESCRIPTION

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. Finally, this course will identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS.

Topics include:
  • Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards
  • Chapter 2: General Requirements for Complying with Government Auditing Standards
  • Chapter 3: Ethics, Independence, and Professional Judgment
  • Chapter 4: Competence and Continuing Professional Education

Learning Objectives:

After reading the course material, you will be able to:

  • Identify the types of auditors and audit organizations that may employ GAGAS to conduct their work,
  • Recognize the types of engagements that may be conducted in accordance with GAGAS, and
  • Identify terminology that is commonly used in GAGAS.
  • Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
  • Identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS.
  • Recognize the purpose of applying the GAGAS Conceptual Framework.
  • Recognize that action that must be taken by auditors if they conclude that the independence of the engagement team or the audit organization is impaired.
  • Identify the individuals that have a role in an audit engagement.
  • Identify the number of CPE hours that must be completed in a 2-year period in order to maintain their professional competence.
  • Recognize the requirements related to specialists using during an audit.

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA