This two CPE hour course looks at the Yellow Book’s conceptual framework approach to independence, which has moved toward a more principles-based platform, However many rules still apply when considering independence.
Publication Date: August 2019
Topics Covered
- The New 2018 Yellow Book
- Yellow Book —Chapter 3: Ethics, Independence, and Professional Judgement
- Non-Audit Services
Learning Objectives
- Identify the new 2018 Yellow Book regulations
- Recognize and apply Yellow Book Ethics, Independence and Professional Judgement
- Describe Non-audit services
- Differentiate which type of engagements are addressed within Yellow Book
- Describe bias thret
- Identify an example of a type of service that generally would create a threat to independence for audit organizations in government entities
- Identify the steps in applying the Conceptual Framework
- Recognize key changes in the 2018 Yellow Book
- Identify the steps once a threat is identified when applying the Conceptual Framework
- Describe safeguards
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Diane Edelstein
Diane E. Edelstein is a Senior Partner at Maher Duessel in Pittsburgh, PA and has over thirty years of experience in public accounting. Her entire auditing career has been of non-profits, governments and Single Audit.
Diane speaks throughout the country on Non-profit accounting and auditing and Single Audit. She was member of the AICPA NPO Planning Conference Committee from 2012 – 2017 and continued to speak at the annual conference through 2019.
Diane currently serves on the AICPA Peer Review Board – GCA PMTF (Government and Compliance Audits Practice Monitoring Task Force) and is a past member of the PICPA Professional Ethics Committee and the PICPA Peer Review Committee.