A Government Auditing Standards:
The 2024 Yellow Book From Beginning to End
Description: In February 2024, the U.S. Government Accountability Office has issued a revised Government Auditing Standards, otherwise known as "The Yellow Book." The GAO standards apply in addition to those of the AICPA when required by law, regulation or contract to those who perform audits of governments, nonprofits or other organizations. [This course does not address performance audit standards.]
Specific topics covered:
- Introduction
- Foundation and ethical principles for the use and application of Government Auditing Standards
- General requirements for complying with Government Auditing Standards
- Ethics, independence and professional judgment
- Competence and continuing professional education
- Quality management, engagement quality reviews and peer review
- Standards for financial audits
- Standards for attestation engagements and reviews of financial statements
Experience/Prerequisites: Minimum to intermediate level of auditing experience.
Who should attend: Professional staff with responsibility for performing audit engagements under GAO standards.
Recommended CPE credit: 8 hours
Acronym: YBBE