Introduction into Yellow Book Audits
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This is the first in a series of courses where we will explore and discuss Yellow Book Audits. This course is designed to be an introductory course to introduce participants to terminology and requirements. We will also explore how Yellow Book Audits have developed over the years. We will discuss how a Yellow Book Audits differs from a for profit audit. We will identify who can use the Yellow Book Audit standards and when a government entity is required to have a Single Audit.
Publication Date: April 2025
Designed For
This course is appropriate for CPAs, CMAs, CIAs, CGMAs, CFEs, MAFFs, internal auditors, external auditors, managers, government accountants, government auditors, and CFOs
Topics Covered
- Government Accounting
- Government Auditing
- Requirement for Internal Controls
- Types of Government Audits
- Who Uses the Yellow Book Standards?
- Requirement for Yellow Book Audits
- Who Can Perform a Yellow Book Audit?
- Requirement for Single Audits
- Yellow Book Audit Planning
- Government Auditing Ethics
- Proper Use of Government Information, Resources, & Position
- Professional Behavior
- Independence
- Professional Judgment
- Competence and CPE
- Quality Management & Peer Review
Learning Objectives
- Identify the history of Yellow Book Audits
- Identify the requirements of a Yellow Book Audit
- Identify basic government auditing concepts, rules and regulations
- Identify how many hours of CPE a government auditor must complete every 2 years
- Identify the year of the last major revision to the Yellow Book
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
