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GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK

Alexander Buchholz, CPA, CGMA, MBA

PKF O'Connor Davies, LLP

Tuesday, March 10, 2020 | 12:00 PM EDT

  • CPA

Course Description

The 2018 Yellow Book revision represents the first comprehensive overhaul of the Yellow Book standards since 2011! This session explains the new standards, as well as prepares practitioners to implement the new Yellow Book. Learn precisely what the new Yellow Book does and does not require auditors to do. Critical concepts related to applying the new Yellow Book including when the standards are applicable; the types of engagements involved; the relationship between the Yellow Book and other standards; importance of stating compliance with the Yellow Book in reporting; the new Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control; and peer review.

Learning Objectives

  • To understand the new Generally Accepted Government Auditing Standards (GAGAS) update and become familiar with its ethical principles.
  • To get the idea of requirements and summary guidance for audits performed in accordance with Generally Accepted Government Auditing Standards (GAGAS).
  • To learn precisely what the new Yellow Book "does and does not" require auditors to do.
  • To distinguish unique definitions pertaining to Generally Accepted Government Auditing Standards (GAGAS)
  • To understand Generally Accepted Government Auditing Standards (GAGAS) conceptual framework regarding audits and attestations

Who Should Attend?

  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Others