Governmental auditing, these learning resources are designed to help cpas understand the knowledge and skills necessary to perform highquality single audits, yellow book audits, and audits of state and local government financial statements. And the requirements are a little bit involved so involved that the gao dedicated 17 pages. Yellow book standards for cpas in public practice cpe webinars. Governmental auditing cpe, webinars and conferences. Governmental accounting standards yellow book and guidance. The courses below will introduce the yellow book and allow you to understand concepts relating to government frauds. Yellow book standards for performance auditors cpe 0415.
Government auditing standards and foundations yellow book. In the yellow book explained course, we convert every aspect of the standards into plain. Gao yellow book standards s initial period each new licensees not required to begin accumulating cpe hours until after first renewal period 225 ilcs 45016d from january 1, 2001 forward, and for threeyear reporting period thereafter, all aicpa members shall complete 120 hours, or its equivalent, of continuing professional education bl. Given concerns raised about auditors ability to complete continuing professional education cpe requirements due to the covid19 pandemic, gao has taken steps to allow for more time and flexibility to complete such requirements. Yellow book selfstudy cpe yellow book cpe yellow book. Yellow book standards for cpas in public practice webinar. The gao green book sets standards for internal controls that align with the most popular control model in the united states, the coso model. Government auditing standards, 2018 revision also referred to as the yellow book the professional standards and guidance for financial audits contained in government auditing standards provide a framework for conducting high quality audits with competence, integrity, objectivity, and independence.
It outlines the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. This cpe course will teach you to apply the principles of this standard to your governmental financial statements via implementation guidance and interactive case studies. The most recent applicable gao yellow book standards for government audits are effective for financial audits. Government auditing fundamentals currently unavailable the yellow book cpe requirement requires that auditors who perform work in government auditing, the government environment, or the specific or unique environment in which the audited entity operates must complete 24 hours specific to government auditing and the environment. Yellow book auditors are normally required to complete at least 80 hours of cpe every two years. Qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for government performance auditors.
Select the transcript button in the main navigation. This free cpe webinar on government audit ing standards is an excellent baseline of information for accountants to gain an understanding of the new yellow book. Guidance on gagas requirements for continuing professional education gao05568g, april 2005, and the 2014 government auditing standards. Yellow book revision process ed was issued for public comment in april 2017 gao received over 1,700 individual comments final standards issued in july 2018 consultation with advisory council on government auditing standards both at ed stage and in developing final standards 7 accessing the 2018 yellow book the 2018 yellow book can be accessed. Yellow book standards for performance auditors cpe 0122. Covid19 alert on cpe requirements for auditors february 2020. This short course focuses on the requirements of the yellow book that challenge government performance auditors including the cpe, independence, and reporting requirements. To assist participants in complying with the yellow book when conducting audits in conformity with these standards. The green book is referenced inside the yellow book and in the uniform guidance. Your current products will be displayed under the active tab. Identify the revised requirements and guidance related to independence in the 2018 revision of the yellow book. Government auditing standards and foundations yellow. The 2018 gao yellow book interpreted e book 10 cpe hours.
Yellow book standards for performance auditors bundle. Cpe selfstudy 2 publication 2 conference 1 webcast 1 cpe credits. Standards, often referred to as the yellow book or generally accepted government auditing standards gagas, was issued by the comptroller general of the united states in june 2003. The yellow book is used by auditors of government entities, entities that receive government awards, and other audit organizations performing yellow book audits. Recognize the requirements found in the 2018 government auditing standards yellow book. May 01, 2019 those who were following the yellow book exposure draft should be aware that the proposed requirement to take four hours of gasspecific cpe was not included in the finalized 2018 yellow book. Government auditing standards fundamentals gaqc webcast. The yellow book provides standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. Yellow book overview 1 hr online cpe course jn cpe courses.
The yellow book is thick with best practice advice for performance auditors and more than a few requirements. The rules state that auditors who plan, direct, perform, and report on an engagement in accordance with gas should develop their competency by. Auditing standards supersedes the 2011 revision gao12331g, december 2011, the 2005 government auditing standards. You could just stay up for one whole day and take care of it. Government auditing standards yellow book practice aids. Recall the requirements regarding cpe, professional judgment, quality. Those who were following the yellow book exposure draft should be aware that the proposed requirement to take four hours of gasspecific cpe was not included in the finalized 2018 yellow book. Sep 01, 2020 yellow book auditors are normally required to complete at least 80 hours of cpe every two years. Yellow book cpe package surgent yellow book cpe package. Our offering of accounting cpe selfstudy courses includes courses on the yellow book, which comprises the generally accepted government accounting standards for auditors of government entities and entities that receive government awards. This free cpe webinar on government auditing standards is an excellent baseline of information for accountants to gain an understanding of the new yellow book. Gao has taken steps to allow for more time and flexibility to.
Learn more we are the american institute of cpas, the worlds largest member association representing the accounting profession. The green book is referenced inside the yellow book and in the uniform. Apr 15, 2020 qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for auditors of government programs. Yellow book standards for cpas in public practice cpe 04. This event may be a rebroadcast of a live event and the instructor will be available to answer your. At least 24 of the 80 hours of cpe should be in subjects directly related to governmental auditing, the government environment or the specific or unique. One of the toughest aspects of doing a yellow book audit is complying with the yellow book cpe requirements. Yellow book standards for performance auditors cpe 09. The guidance is effective april 2005 and replaces the prior yellow book cpe interpretation. The 2018 yellow book which is the most recent update contains the latest version of generally accepted government auditing standards gagas. Along the way, we learn the five components of control and their seventeen underlying principles.
Stating compliance with gagas in the auditors report. Identify the guidance found in government auditing standards, 2018. Government auditing standards 2018 revision supersedes. If you are an auditor performing yellow book audits, it is essential you understand the recently revised concepts and standards of generally accepted government auditing standards gagas. This short webinar focuses on the requirements of the yellow book that challenge government performance auditors including the internal control, cpe, independence, and reporting requirements. Surgents yellow book cpe package lets you fulfill your 24hour yellow book requirement for one low price. The gaos yellow book standards set a high bar for auditors of government programs.
Gasb government accounting standards board ug uniform guidance yb yellow book key changes made in the 2018 yellow book. Sep 30, 2019 one of the toughest aspects of doing a yellow book audit is complying with the yellow book cpe requirements. Resources include the most uptodate information on the uniform guidance and recent. This yellow book overview course is a summary of the significant changes in the 2018 yellow book. Fulfill your 24hour yellow book requirement for one low price with surgents selfstudy yellow book package. Learning objectives to understand the new generally accepted government auditing standards gagas update and become familiar with its ethical principles. Government accounting standards the yellow book guidance on gagas requirements for continuing professional education available from gao in pdf format. Yellow book standards for performance auditors cpe 04. Do you perform engagements in accordance with generally accepted government auditing standards gagas as presented in the yellow book. This short course focuses on the requirements of the yellow book that challenge cpas in public practice including the cpe, independence, and reporting requirements.
Yellow book standards for performance auditors webinar. Please refer to gaos guidance on gagas requirements for continuing professional education to learn more about the cpe requirements prescribed by the yellow book. Note from the gao regarding yellow book cpe requirements. Yellow book standards for cpas in public practice cpe 01. Yellow book standards for cpas in public practice cpe.
The yellow book cpe requirement requires that auditors who perform work in government auditing, the government environment, or the specific or unique environment in which the audited entity operates must complete 24 hours specific to government auditing and the environment. The 2018 yellow book is particularly challenging for performance auditors as the gao beefs up internal control. This overview will provide some background information on governmental auditing standards and the topics covered in the yellow book. Yellow book standards for performance auditors cpe 0924. Yellow book changes will require additional cpe for auditors. Select the access now button next to your products. 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.
An excellent baseline of information for accountants to gain an understanding of the new yellow book, this cpe selfstudy course presents the guidance found in. The yellow book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing. Inform and teach participants about the changes to the yellow book 2. Yellow book continuing education requirements are governed by the u. Government auditors and public accountants that will be planning or conducting engagements in accordance with government auditing standards, 2018 revision yellow book. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit. Cpe stands for continuing professional education, by the way. The contents of the yellow book may seem incomprehensible for someone not familiar with government auditing. Gao standards yellow book online and mobile cpe course. Qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for auditors of government programs.
Jul 17, 2018 the yellow book provides standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. The yellow book cpe requirement is 24 hours of cpe every two years. This cpe course provides an excellent baseline of information for accountants to better understand governmental auditing foundations, ethics, general audit standards, financial audit standards, attestation engagement standards, and fieldwork and reporting. In this course, we use a simple case study to build controls from scratch. When yellow book audits are required the requirements of the 2018 edition of government auditing standards including the areas of continuing professional education, independence, audit performance, and reporting key differences between government auditing standards and aicpa standards how to access the yellow book, related. Jan 22, 2020 qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for government performance auditors. Qualifies for yellow book cpe credit the 2018 revision is full of changes for performance auditors. Yellow book standards for financial auditors bundle e book 23 cpe hours yellow book standards for performance auditors bundle e book 23 cpe hours. Government auditing standards yellow book practice aids and. To assist participants in assessing the impact of changes on current practice. Yellow book standards for performance auditors cpe webinars. Auditors performing work under the gaos government auditing standards are required to complete, every two years, 24 hours of cpe in subjects directly related to government auditing, the government environment, or the specific or. Government auditing standards 2018 revision supersedes gao. Auditors in these roles plan engagements, perform engagement procedures, or direct or report on engagements.
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