Self-Study
A Complete Guide to the Yellow Book
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Monday, May 1, 2023 – Tuesday, April 30, 2024
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8.00CREDITSAccounting (Governmental)
If you work with governments and not-for-profits, a thorough understanding of the Yellow Book is essential. This course will equip you with a comprehensive knowledge of the Yellow Book requirements and increase your confidence and proficiency in performing Yellow Book audits. The course materials utilize a highly illustrative and innovative format including over 20 focused exercises on key practice issues.
Objectives
- Thoroughly understand the requirements of the Yellow Book and how they relate to the AICPA and single audit requirements
- Excel in the Yellow Book auditing arena
- Save time and stress on Yellow Book engagements via in-depth knowledge of the requirements
Highlights
- When is the auditor required to follow the Yellow Book (a.k.a. Government Auditing Standards, or GAGAS)?
- How the Yellow Book requirements relate to generally accepted auditing standards and the single audit requirements
- The different types of Yellow Book audit and attestation engagements that auditors may be called upon to perform
- The Yellow Book standards related to the qualifications of the auditor (i.e., requirements related to independence, CPE, peer review, and more)
- The Yellow Book requirements related to the performance of and reporting on a financial audit
- The Yellow Book requirements related to attestation engagements (i.e., examinations, reviews, and agreed-upon procedures engagements) and performance audits