Do you perform engagements in accordance with generally accepted government auditing standards (GAGAS or GAS or the “Yellow Book”)? This course is based on Government Auditing Standards, 2011 Revision, which is currently effective and used for audits of entities with fiscal years ending on or before May 31, 2020. It pro-vides an excellent baseline of information for accountants as it relates to understanding Government Auditing Standards, 2011 Revision, including the foundation of government auditing and the related concepts and standards. It is essential that all auditors planning and conducting engagements in accordance with Government Auditing Standards understand and be able to discern these concepts and standards in executing their responsibilities.
Course ID: EOYB
Yellow Book: Government Auditing Standards, 2011 Revision
- Identify the guidance found in Government Auditing Standards, 2011 Revision.
- Recognize the relationship between GAS and other professional standards.
- Recognize the Yellow Book guidance regarding independence as found in Government Auditing Standards, 2011 Revision.
- Identify the Yellow Book requirements for financial statement audits, attestation engagements, and performance audits.
- Recognize the basic differences between the guidance in Government Auditing Standards, 2011 Revision and Government Auditing Standards, 2018 Revision.
- Foundation of government auditing, including ethical principles
- Standards for use and application of GAGAS
- General standards, including independence
- Standards for financial audits
- Standards for attestation engagements
- Fieldwork and reporting standards for performance audits
- Summary of revisions found in Government Auditing Standards, 2018 Revision
DESIGNED FORGovernment auditors and public accountants planning or conducting engagements in accordance with Government Auditing Standards, 2011 Revision ("Yellow Book")
FIELD OF STUDY