by Fmeaddons

Performing Yellow Book Audits (YBFA)

$65

Performing Yellow Book Audits (YBFA) is a comprehensive, complete CPE course that provides 4 credits in the field of Auditing (Governmental) for CPAs.

SKU: YBFA Category:

Description

Performing Yellow Book Audits (YBFA) is a comprehensive, complete CPE course that provides 4 credits in the field of Auditing (Governmental) for CPAs.

Major Topics

  • The Yellow Book’s general requirements — including independence requirements, professional judgment, competence (including CPE), and quality control and assurance (including peer review)
  • The use of terminology to define the Yellow Book requirements
  • The purpose and applicability of the Yellow Book (a.k.a. Government Auditing Standards or GAGAS)
  • Ethical principles in Yellow Book engagements
  • The Yellow Book reporting standards for financial audits — including reporting auditor’s compliance with GAGAS; reporting on internal control, compliance with provisions of laws, regulations, contracts, and grant agreements, and other matters; reporting views of responsible officials; reporting confidential or sensitive information; and distributing reports
  • Additional considerations related to Yellow Book financial audits — materiality, early communication of deficiencies
  • The Yellow Book performance standards for financial audits — including auditor communication; previous audits and attestation engagements; fraud, noncompliance with provisions of laws, regulations, contracts, and grant agreements, and abuse; developing elements of a finding; and audit documentation

Learning Objectives

  • Save time on Yellow Book engagements via in-depth knowledge of the requirements
  • Thoroughly understand the financial auditing requirements of the Yellow Book
  • Excel in the Yellow Book auditing arena

Designed For

Auditors performing Yellow Book financial audits

Prerequisites

Basic audit knowledge

Advance Preparation

None

Additional information

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State Board Accreditation

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