Government Auditing Standards: Professional Requirements
The Generally Accepted Governmental 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 audit reports, professional qualifications for auditors, and audit organization quality control.
This course will describe when the Yellow Book standards must be applied. This course will identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS. Finally, this course will identify the individuals that have a role on an audit engagement.
Course information
Price: $31
Course No. C010
Format: Online pdf (141 pages).
Instructional Delivery Method: QAS Self-Study
Prerequisites: Basic understanding of the auditing process
Advance Preparation:None
Level: Intermediate
CPE Credit: 3 Hrs.
Field of Study: Auditing (Governmental)
Course expiration:Â Â You have one year from date of purchase to complete the course.
Course Revision Date: February 2025
Objectives
Upon completion of this course, you will be able to:
Chapter 1: General Standards for Complying with Government Auditing Requirements
- Identify the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organization.
Chapter 2: 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 3: 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 government auditing requirements related to specialists using during an audit.
Great GAGAS training on 2018 updates/changes to meet engagement requirements. Also reiterates the auditors engagement and independence fundamental requirements.