Introduction to Yellow Book (Completed)

This course is designed for government and nonprofit auditors that perform engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS or “Yellow Book”). We will identify and review the guidance found in the Yellow Book and analyze the relationship between Government Auditing Standards and the AICPA Code of Professional Conduct and Auditing Standards. We will review the Yellow Book requirements for financial statement audits while also touching upon ethical principles and independence.

Who Should Attend
CPAs in Public Practice who perform audits under GAGAS.

Topics Covered

• Independence
• CPE Requirements
• Quality Control
• Auditor Communication
• Elements of a Finding
• Yellow Book Report

Learning Objectives

• Identify the elements of a Yellow Book finding
• Describe the ethics and independence requirement of Yellow Book
• Recognize how to contrast the requirements of Yellow Book with the AICPA requirements

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None