Governmental Auditing Standards Compliance & Ethics Review (4 Hrs)

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Course Description

Government Auditing Standards Compliance & Ethics Review

The Generally Accepted Government Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental auditing standards compliance, audit reports, professional qualifications for auditors, and audit organization quality control.

This course is an overview of  governmental auditing standards compliance and applications. This course will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work and identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. Also included is discussion of ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS. This course is included in the MEGA CPE Subscription.

Course information

Price: $59


Course No. C011
Format: Online pdf (134 pages).
Instructional Delivery Method: QAS Self-Study
Prerequisites: Basic understanding of the auditing process
Advance Preparation:None
Level: Intermediate
CPE Credit: 4 Hrs.
Field of Study: Auditing (Governmental)
Course expiration:  You have one year from date of purchase to complete the course.
Course Revision Date: December 2019

Objectives

Upon completion of this course, you will be able to:

Chapter 1: Foundation and Principles for the Use and Application of Government Auditing Standards

  • Identify the types of auditors and audit organizations that may employ GAGASto conduct their work,
  • Recognize the types of engagements that may be conducted in accordance with GAGAS, and
  • Identify terminology that is commonly used in GAGAS.

Chapter 2: Government Auditing Standards Compliance: General Requirements

  • Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organization.

Chapter 3: Ethics, Independence, and Professional Judgment

  • Identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS.
  • Recognize the purpose of applying the GAGAS Conceptual Framework.
  • Recognize that action that must be taken by auditors if they conclude that the independence of the engagement team or the audit organization is impaired.

Chapter 4: Competence and Continuing Professional Education

  • Identify the individuals that have a role on an audit engagement.
  • Identify the number of CPE hours that must be completed in a 2-year period in order to maintain their professional competence.
  • Recognize the requirements related to specialists using during an audit.

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