Description

The GAO's Yellow Book auditing standards (also known as GAGAS) set a high bar for auditors of government programs. The 2024 version of GAGAS requires audit teams to set up a quality management system to ensure that the team’s work complies with standards. Although the quality management system is customizable for each audit shop, GAGAS requires some mandatory components that all teams seeking to comply with the Yellow Book need to be aware of. Let Leita Hart-Fanta, CPA, a certifiable yellow book nerd, guide you through what you need to know to pass that next peer review. This course will be customized for your audit team - whether your team performs performance audits, financial audits, Single Audits, or attestation engagements.

Major Topics:

The Yellow Book Auditing Standards course is customized for your team's situation.

• Audit planning
• Evidence
• Continuing professional education
• Quality management standards including peer review standards
• Reportable conditions including waste and abuse
• Documentation
• Reporting including conclusions and findings
• Individual auditor and audit team independence

Learning Objectives:

• Select the Yellow Book auditing standards that apply to your engagement
• Define requirements for peer review and quality management
• Apply the 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 Knowledge Level: Intermediate NASBA Field of Study: Auditing (Governmental) Formal Learning Program Type: Group, Self Study Learning Format: Webinar or In-Person 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. Prerequisites: One or more years of auditing experience Advance Preparation: None Recommended CPE Credit: 8 Hours Instructor: Leita Hart-Fanta, CPA Questions? You can find our FAQ here.