Self-Study

Applying the New Yellow Book to a Financial Statement Audit On-Demand

  • Saturday, May 1, 2021 – Saturday, April 30, 2022

  • 4.00
    CREDITS
    Auditing (Governmental)

The new Yellow Book is effective for audits of financial statements for periods ending on or after June 30, 2020! This course not only explains the new financial auditing standards, it also prepares you to excel in implementing the new Yellow Book. Learn precisely what the new Yellow Book does and does not require auditors to do. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of the new Yellow Book.

Objectives

  • Thoroughly understand the requirements of the new Yellow Book and how they relate to the AICPA and single audit requirements
  • Prepare to implement the new Yellow Book in an effective and efficient manner
  • Save time by understanding what the new Yellow Book does and does not require auditors to do

Highlights

  • Critical concepts related to applying the new Yellow Book including when the standards are applicable; the types of engagements involved; and the relationship between the Yellow Book and other standards
  • The new Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control; and peer review
  • The new Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control

Additional Information

Designed For

Auditors performing Yellow Book engagements

Vendor

Surgent

Advanced Preparation

None

Credits

4.00 Auditing (Governmental)

Prerequisite

Basic audit knowledge

Course Number

2125142

Level of Knowledge

Basic

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