- Credits: 2
- Format: Self-Study eBook
- Field of Study: Auditing
- Author/Speaker: Andrew Clark
|Course ID:||Advanced Preparation:||Experience Level:|
|Published Date:||Program Prerequisites:||Other Course Formats:|
|© February 2021||General Understanding of Auditing Process||Self-Study eBook|
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.
After reading the course material, you will be able to:
- Recognize when the Yellow Book standards must be applied.
- Identify the new organization and format of the 2018 Yellow Book.
- Recognize the five areas that changed in the 2018 Yellow Book from the 2011 Yellow Book.
- Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations.
Who Should Attend:
- All Certified Public Accountants (CPAs)