What You Need to Know About the Changes to Yellow Book (Completed)
Date: Monday, December 9, 2019
Instructor: Melisa Galasso
| Begin Time: |
12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
The Yellow Book is getting an update. This course will cover the major changes auditors need to know when performing audits under GAGAS (aka Yellow Book or Government Auditing Standards). Areas of focus will include the updated independence requirements, form and organization of the guidance as well as quality control. The 2018 revision is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. Early implementation is not permitted.
Who Should Attend
CPAs in Public Practice who perform audits under GAGAS.
Topics Covered
- Form and organization of guidance
- Independence Rules
- Quality Control
- Waste
- Peer Review
Learning Objectives
- Describe the changes to Yellow Book
- Recognize how to analyze how nonaudit services impact independence
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
Prior experience with GAGAS.
Advance Preparation
None
