The Yellow Book Explained
Master the 2024 Yellow Book and apply generally accepted government auditing standards effectively. This course translates GAGAS requirements into clear, practical guidance that you can use in real audit engagements. It addresses auditor independence, quality control, fieldwork standards, and reporting standards in a structured, accessible format. By converting complex standards into actionable steps, the course supports auditors working with government entities.
Format
PDF Course
Course Lists
Duration
4 Hours
Course Information
Author: Steven Bragg
Course Number: AU1035
Table of Contents
Chapter 1. Yellow Book Overview
Chapter 2. Ethics, Independence, and Professional Judgment
Chapter 3. Competence
Chapter 4. Quality Control and Peer Review
Chapter 5. Standards for Financial Audits
Chapter 6. Standards for Attestation and Review Engagements
Chapter 7. Fieldwork Standards for Performance Audits
Chapter 8. Reporting Standards for Performance Audits
Learning Objectives
- Identify the source of the Yellow Book.
- Specify how generally accepted government auditing standards (GAGAS) treat the concepts of “must” and “should.”
- Describe how to enforce a high level of ethical standards.
- Identify the composition of the independence concept.
- Specify how the independence of an auditor can be impacted in a GAGAS audit.
- Identify the activities associated with the exercise of professional skepticism.
- Recall who is responsible for the continuing education requirements of an auditor.
- Specify the continuing professional education requirements for a GAGAS auditor.
- Describe the components of an audit organization’s quality control system, and how the process works.
- Specify how audit work is supposed to be supervised.
- Specify the reporting requirements associated with an audit of financial statements.
- Recall which standards are incorporated by reference into GAGAS.
- Recall the service levels at which an attestation engagement can be delivered.
- Specify how audit risk can be reduced.
- Identify the indicators of an increased risk of fraud.
- Recall the circumstances under which noncompliance issues must be reported to third parties.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: March 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
