Government Performance Audits: Field Work & Review
The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting government performance 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 identifies the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS. This course also describes what must be included and what must be excluded from an audit report. This course is included in the MEGA CPE Subscription.
Course information
Price: $47
Course No. C012
Format: Online pdf (106 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: You have one year from date of purchase to complete the course.
Course Revision Date: March 2022
Objectives
Upon completion of this course, you will be able to:
Chapter 1: Fieldwork Standards for Performance Audits
- Identify the general planning requirements for an audit that must comply with all of the applicable requirements for a review of financial statements conducted in accordance with GAGAS.
- Recognize the five components of internal control.
- Identify conditions that indicate a heightened risk of fraud.
Chapter 2: Reporting Standards for Government Performance Audits
- Recognize what must be included and what must be excluded from the audit report.
- Identify the requirements when reporting on instances of fraud.
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