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TCP212 – Government Auditing Standards and Professional Requirements

Course and Test $ 60.00
Course and Test PDF $ 45.00
Additional Hard Copy Test $  9.00
Additional Online Test $  9.00
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SKU: TCP212 Category:

CPE Credit Hours: 3NASBA Color logo-1 inch

Field of Study: Auditing

Publication date: March 2021

 

The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

This course will describe when the Yellow Book standards must be applied. It will identify the types of auditors and audit organizations that may employ GAGAS to conduct their work, and the categories of requirements that GAGAS uses to describe the degree of responsibility imposed on auditors and audit organizations. This course will also identify the ethical principles that guide the work of auditors who conduct engagements in accordance with GAGAS, and the individuals that have a role on an audit engagement.

Included are the methods for selecting individuals of integrity who have the capacity to develop the competence and capabilities necessary to perform the audit organization’s work competently. This course will identify the requirements for auditor communication, and the three levels of service as identified by the AICPA. It will also identify the general planning requirements for an audit that must comply with all the applicable requirements for a review of financial statements conducted in accordance with GAGAS. Finally, it will describe what must be included and what must be excluded from an audit report.

 

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This is a self-study CPE course.
Program level: Intermediate
Prerequisites: Basic understanding of the auditing process.
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase