Do you perform engagements in accordance with generally accepted government auditing standards (GAGAS) as presented in the Yellow Book? This CPE course provides an excellent baseline of information for accountants to better understand governmental auditing foundations, ethics, general audit standards, financial audit standards, attestation engagement standards, and fieldwork and reporting standards for performance audits. It is essential that all auditors planning and conducting audits in accordance with GAGAS understand and discern these concepts and standards in executing their responsibilities.

In addition to a chapter covering the key points in a Uniform Guidance compliance audit, this CPE course also includes content from AICPA Guide Government Auditing Standards and Single Audits related to a Uniform Guidance compliance audit, including appendixes for example auditor's reports and sampling guidance.

Learning Objectives

This course will prepare you to do the following:

• Identify the types of engagements that are performed under Government Auditing Standards.
• Recognize Yellow Book requirements related to CPE, independence, peer review, and more.
• Identify the additional requirements for performing a financial audit under GAGAS.
• Recognize the additional GAGAS reporting requirements for financial audits.
• Recall the requirements for performing attestation engagements and performance audits under the Yellow Book.

Key Topics

• Foundation and ethical principles of government auditing
• Standards for use and application of generally accepted government auditing standards
• General standards
• Standards for financial audits
• Standards for attestation engagements
• Fieldwork standards for performance audits
• Reporting standards for performance audits
• Latest developments

Who Will Benefit?

Government auditors and public accountants planning or conducting engagements in accordance with GAGAS. Internal financial staff of governments and not-for-profit entities interacting with auditors.

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