Description
The GAO’s Yellow Book auditing standards (also known as GAGAS) set a high bar for auditors of government programs.
The 2018 revision moves the standards around, re-emphasizes audit independence, and increases the auditor’s responsibilities for assessing, documenting, and disclosing internal controls.
This course will be customized for your audit team – whether your team performs performance audits, financial audits, Single Audits, or attestation engagements.
Major Topics:
- Audit planning
- Evidence
- Continuing professional education
- Quality control standards including peer review standards
- Reportable conditions including waste and abuse
- Documentation
- Reporting including conclusions and findings
- Individual auditor and audit team independence
Objectives Include:
- Select the Yellow Book auditing standards that apply to your engagement
- Define requirements for peer review and quality control
- Apply the 2018 independence and competence standards to your team
- Use the elements of a finding to flesh out an audit issue
- Label reportable conditions as waste, abuse, fraud, non-compliance, & an internal control weakness
- Differentiate between types of audits
- Review the Green Book and the auditor’s responsibilities for documenting, evaluating, and reporting on internal controls
Program level: Intermediate
Instructional method: Group live instruction
NASBA Category of Study: Auditing (Governmental)
Advance preparation: One or more years of auditing experience
Who should attend: Auditors and monitors of governmental funds and programs. The course will concentrate on either financial/single audits or performance audits, depending on the needs of the audience.
Recommended CPE credit: 8 hours of NASBA qualified hours that counts toward the 24 hour Yellowbook CPE requirements.
Read more on this topic here.
What People Say About This Seminar
“It’s been a most entertaining and valuable learning experience and we thank you for making dry audit standards and principles so alive! “ – V.I. IG Auditor
“Thanks very much for the great class today. I found it interesting, informative and a lot of fun!!
As someone new to auditing, not to mention government auditing, I was aware that I needed to have a much better understanding of the Yellow Book, and I feel that today was a perfect overview of how the audit process of the Yellow Book works and should work. The instructions, Q&A, and exercises, as well as the asides and personal stories, helped reinforce the core content. Overall a great day of learning for me that will help directly with my OSA duties and responsibilities. “ – Gene B. Assistant State Auditor
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