GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
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Course Details

Overview of Topics

  • Quick Refresher: What is the yellow Book?5 mins
  • Performances Audits15 mins
  • Independence Changes26 mins
  • Identify Threats to Auditors Independence37 mins
  • Identify and Apply Safeguards49 mins
  • Auditors Role in waste60 mins

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.

Covering insights related to independence and peer review, this course is sure to increase your knowledge of the requirements and application guidance related to ethics, independence, standards for financial audits, attestation engagements, performance audits, and more. Learn precisely what the new Yellow Book does and does not require auditors to do.

This webinar would cover critical concepts related to applying the new Yellow Book including: 

  • When the standards are applicable ?
  • Different 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 & CPE, Quality control; and peer review.

If you are an auditor performing Yellow Book audits, it is essential you understand the recently revised concepts and standards of generally accepted government auditing standards (GAGAS). This free cpe webinar on GOVERNMENT AUDITING STANDARDS is an excellent baseline of information for accountants to gain an understanding of the new Yellow Book.

Webinar Qualifies for

  • 1.5 CPE credit of Auditing (Governmental) for all CPAs
  • 1.5 General Educational credit for Tax Professionals/Bookkeepers/Accountants

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 about the new Yellow Book revision.
  • 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.

About Presenter

Alexander Buchholz, CGMA, CPA, MBA

Advisor,PKF O'Connor Davies, LLP

abuchholz@pkfod.com

Alexander Buchholz is a Partner at PKF O’Connor Davies with over 15 years experience in public accounting, including with a “Big Four” accounting firm.

Alex is responsible for the development of the audit approach, supervision of staff, and the establishment and maintenance of the engagement budget. Additionally, he is responsible for the coordination of staff and management so that the audit is performed on a timely basis with as little intrusion to client operations as possible.

His expertise is in Single Audits, internal control/compliance audits, and specialized cost reporting. His industry experience is in healthcare and not-for-profit entities, including skilled nursing facilities, social service agencies, charter schools, diagnostic and treatment centers, home care service entities, adult homes and other long-term care facilities, special needs entities, and cemeteries.

Alex is also an adjunct professor at Brooklyn College of the City University of New York in the Department of Accounting where he teaches undergraduate and graduate courses in accounting and auditing. He also teaches at the School of Professional Studies of the City University of New York for the Online Business Management Department and at Mercy College and Lehman College.

He conducts internal training seminars for the Firm and frequently speaks at outside organizations and associations. He is also a former member of the Firm’s continuing professional education (CPE) committee, with special emphasis on Single Audit training. Alex has written many articles on accounting and auditing topics for a variety of professional publications.

PKF O'Connor Davies is a new breed of accounting and advisory firm that holds itself to a higher standard – going beyond passive value calculation to active value creation.

With unmatched client focus, we unlock the real value hidden at key connection points of every engagement – from the industry and resource levels to the organization and regulatory levels on the regional, national and international levels.

Through these connections, our team of more than 600 top-notch professionals continually drives efficiencies, uncovers opportunities and manages risk – delivering value where others can’t.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:30
  • Question 3 : 00:45
  • Question 4 : 01:00
  • Question 5 : 01:15
  1. Which one of the following is the key changes in the 2018 Yellow Book?
  2. According to the new format changes in 2018 yellow book the requirement text is now in ______.
  3. In which chapter GAGAS requirements for performance audits are mentioned in the 2018 Yellow Book?
  4. Which one of the following is an example of management’s ability to effectively oversee the nonaudit services?
  5. Which one of the following are the examples of threats to Auditor’s Independence?
  1. Financial audits must test and provide assurance on internal control.
  2. Which one of the following is true for reporting cause in findings?
  3. The Yellow Book considers, and defines __ key categories of performance audit objectives.
  4. Which one of the following is the applicable to reporting causes in findings?
  5. __________are actions or other measures, individually or in combination, that auditors take that effectively eliminate threats to independence or reduce them to an acceptable level.
  6. A threat to independence is not acceptable if:
  7. According to the new application guidance on clerical assistance providing clerical assistance such as typing, formatting, printing, and binding FS – is unlikely to be _______.
  8. Auditors are not required to detect abuse or waste.

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.4
(210)
53%
38%
7%
2%
0%
  • VI
    Viktoria Izakova
    Aug 10th 2020
    N/A
CC
Colin Cumiskey , ACCT./BK
Typo ? Learning Effectiveness No. 2, Spelling of colleagues? Great Presentation and Slides
CS
Chez Slayton
n/a
BH
Bailey Harris
Need better explanation of major topics.
BL
Brandon Laskowski
There were some moments when the poll questions were delayed to the audio, or the audio for the presentation would cut momentarily.
BJ
Brad Johnson , CPA
.

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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  • Cost $20
  • CPE Credits 1.5
  • Subject Area Accounting & Auditing (Govt.)
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Published Date October 15 ,2020
  • Who should attend? Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm CPA (Industry) Auditors Young CPA CPA in Business Accounting Practice Owners Senior Accountant Accounts Director Cloud Accountants Entrepreneurial Accountant Compliance Officers Accounting Managers Compliance Managers Staff of Accounting Firm
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

WORK WELL REMOTE: BOUNDARIES FOR BETTER HABITS
Wednesday, October 21, 2020 View Details/Register
FUNDAMENTALS OF INCOME TAXATION OF TRUSTS & FORM 1041 PLANNING: WHAT EVERY ADVISORS NEEDS TO KNOW
Wednesday, October 21, 2020 View Details/Register
ACCOUNTANT PREPARED A RETURN AND IT IS UNDER CRIMINAL INVESTIGATION BY THE IRS, NOW WHAT?
Wednesday, October 21, 2020 View Details/Register
CUTTING THE GORDIAN KNOT: ECHECK FRAUD, MOBILE BANKING FRAUD, CHECK 21 & HOLDER IN DUE COURSE
Tuesday, October 13, 2020 View Details/Register
CYBERSECURITY BASICS FOR ACCOUNTING & TAX COMMUNITY
Monday, October 12, 2020 View Details/Register
Ethics for Wyoming CPAs
Friday, October 09, 2020 View Details/Register
CYBERSECURITY ESSENTIALS FOR TAX PREPARER
Friday, October 09, 2020 View Details/Register
FORENSIC ACCOUNTING : VALUE ADDED SKILL FOR EVERY ACCOUNTANT
Thursday, October 08, 2020 View Details/Register
TAX FIRM MARKETING: 5 ESSENTIAL DIGITAL STRATEGIES FOR UNCERTAIN TIMES
Thursday, October 08, 2020 View Details/Register
COMPREHENSIVE GUIDE TO IDENTITY THEFT WITH CASE STUDIES
Thursday, October 08, 2020 View Details/Register
UNDERSTANDING FRAUD, THE BASICS
Wednesday, October 07, 2020 View Details/Register
NEW CYBER FRAUDS & CYBERSECURITY INTERNAL CONTROLS (POST PANDEMIC)
Wednesday, October 07, 2020 View Details/Register
Accounting Changes and Error Corrections (2 CPE)
Thursday, August 27, 2020 View Details/Register
Corporate External Financial Reporting Decisions
Tuesday, September 29, 2020 View Details/Register
Internal and System Controls
Tuesday, September 29, 2020 View Details/Register