Yellow Book: Staying Compliant With Government Auditing Standards

Prerequisites

None

Highlights

Foundation and principles for use and application of GAGAS General requirements for complying with the Yellow Book Ethics, independence, and professional judgment Competence and CPE Quality control and peer review Standards for financial audits Standards for attestation and review engagements Fieldwork and reporting standards for performance audits

Objectives

• Distinguish the types of engagements that are performed under generally accepted government auditing standards (GAGAS)
• Recognize the requirements found in Government Auditing Standards (Yellow Book)
• Identify the requirements and guidance related to independence
• Recall the requirements regarding CPE, professional judgement, quality control and peer review under GAGAS
• Identify the additional requirements for performing and reporting on a financial audit under GAGAS
• Recall the requirements for performing attestation and review of financial statement engagements and performance audits under GAGAS