Yellow Book Ethics

Learning Objectives

• To discuss the foundational ethical principles contained in the Yellow Book.
• To identify and differentiate the independence requirements mandated by the Yellow Book when performing audit and non-audit services.
• To analyze and apply the continuing education regulations within the Yellow Book, supporting ongoing ethical practices in government auditing.
• To analyze real-world scenarios to contextualize and demonstrate the application of ethical principles outlined in the Yellow Book.
• To inspect the impact of adherence to Yellow Book ethics on maintaining public trust, transparency, and accountability in government auditing engagements.

Course Description

Dive into the distinctive ethical considerations outlined in the Government Auditing Standards, commonly known as the Yellow Book, with our accredited CPE course: "Yellow Book Ethics." It offers an in-depth exploration of the Yellow Book's ethical perspective, driven by the accountability owed to taxpayers and oversight bodies. Gain valuable insights into the foundational principles crucial for upholding professional conduct on engagements governed by these standards.

Throughout this CPE Ethics webinar, participants will delve into the core ethical principles embedded within the Yellow Book, understanding their pivotal role in maintaining integrity and accountability in public sector auditing. Learn to navigate the intricate independence requirements essential for engagements encompassing both audit and non-audit services. Discover the Yellow Book's rules regarding continuing education, designed to fortify ethical practices and uphold professional standards.

Major topics:

• The concept of public interest
• Ethics, independence, and professional judgment
• Competence and continuing professional education
• Quality control and peer review
• Proper use of government information, resources, and position
• Professional behavior

By the conclusion of this CPE-accredited course by Jennifer Louis, attendees will master the art of describing and applying the foundational ethical principles outlined in the Yellow Book. They'll gain a comprehensive understanding of independence mandates, learning when and how to maintain professional autonomy across varied service offerings. Moreover, participants will grasp the significance of continuing education rules, aligning their practices with the Yellow Book's ethical framework to enhance their professional conduct in government auditing engagements.

Overview

• Government Auditing standards

  3 mins
• Ethics, Independence, And Professional judgement

  13 mins
• Objectivity includes independence

  22 mins
• Focus on Independence

  38 mins
• Re-evaluation may be required

  56 mins
• Key Documentation

  71 mins
• Minimum documentation

  88 mins
• Specific considerations to document when non-audit services involved

  98 mins