Overview of the 2024 Yellow Book
Author: Diane Edelstein
| CPE Credit: |
2 hours for CPAs |
Government Audit Standards nicknamed Yellow Book, are additional standards layered on top of auditing standards. We will look at the independence requirements, cpe requirements and additional reporting requirements that are contained in Yellow Book.
Publication Date: September 2024
Topics Covered
- Auditing Standards vs Government Auditing Standards
- 2024 Yellow Book
- Overview of Yellow Book
- Independence
- Independence Along with Non-audit Services
- CPE
- Reporting and Findings
- Waste and Abuse
- Chapter 5: Quality Management, Engagement Quality Reviews, and Peer Review
- Updates and Resources
Learning Objectives
- Identify when to do an audit under Yellow Book
- Recognize the additional requirements of Yellow Book
- Describe the specific independence requirements
- Recognize how to report when doing a Yellow Book audit
- Identify when the GAO released the 2024 Yellow Book Revision
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
