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CPE for Government Auditors
News & Updates

COSO and the GAO Green Book are the same thing

Chapter Objectives Identify the purpose of the GAO’s Green Book Identify the standard setting bodies that are involved in the creation of the GAO Green Book  Identify reasons why most organizations do not achieve the ideal internal control structure described in the GAO Green Book GAOGreen Book, GAO Yellow Book … will the Government Accountability [...]

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Meticulous, Fastidious & Thorough: Minor Themes of the Yellow Book

Objectives: •    Identify communication requirements for all types of Yellow Book engagements •    Identify planning requirements for all types of Yellow Book engagements   We will cover nine minor themes in this chapter that apply to all three types of engagements. The minor themes are: 1.    Licensing and certification 2.    Auditor communication 3.    Results of [...]

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Hard Earned Audit Wisdom – Audit Planning per the GAO

Objectives: •    Differentiate between the concepts of materiality and significance •    Identify factors that affect audit risk in a performance audit •    Define the parameters of an audit project: audit objective, audit scope, and audit methodology •    Distinguish among the types of information that you “should” and “may” gather during the planning phase of a [...]

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Abuse, Waste & Other Shenanigans: Reportable Conditions

Objectives: Classify an audit finding as: an internal control weakness; a violation of contract or grant agreement; fraud; or abuse and waste. Differentiate among the elements of a finding. If the auditee exhibits any of the following three conditions, and these conditions are significant or material, the auditor should describe them in their audit report [...]

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Blending the Green Book with the Yellow Book

Objectives: Identify the purpose of the GAO’s Green Book. Distinguish between components of internal control. Distinguish between management objectives Choose a finite subject matter on which to apply controls Identify the auditor’s responsibilities regarding application of the Green Book Most of the changes between the 2011 Yellow Book and the 2018 Yellow Book that we [...]

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Has the GAO gone too far with audit quality control?

Objectives:  Assess whether an audit team has met the Yellow Book requirements regarding quality control and peer review At the most basic level, the quality control requirements are twofold. The Yellow Book requires that audit shops: have an internal quality control system, and undergo an external peer review that determines whether the audit shop’s quality [...]

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Why would a government employee commit fraud?

Please enjoy the first chapter of “The Little Book of Government Fraud” by Charles Hall, CPA.  An fun-to-read and informative self-study course available at Yellowbook-CPE.com. Objectives: Identify common characteristics of fraudsters Identify various types of fraud schemes Before we dig into fraud at the ground level of individual transactions, let’s take a look at local government fraud from [...]

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Do you know what you are doing? Chapter 4: Yellow Book competence standards

As I revise my self-study book, “The Yellow Book Interpreted,” I will be sharing chapters with you. Objectives:  Assess whether an audit team has met competency standards The competencestandard has raised more than a few eyebrows over the years.  The competence standard is where the GAO introduces a very stringent continuing education requirement. Let’s begin by understanding the GAO’s [...]

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Does your team meet the 2018 Yellow Book Independence Standards?

GAGAS chart

Chapter 3: Independence As I revise my self-study book, “The Yellow Book Interpreted,” I will be sharing chapters with you. Objectives:  Classify your ethical responsibilities in the government environment  Apply the conceptual framework in evaluating threats to your independence as an auditor  Identify the attributes of professional judgment per GAO standards All Three Together In [...]

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Chapter 2: Types of Yellow Book Audits

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As I revise my self-study book, “The Yellow Book Interpreted,” I will be sharing chapters with you. Objectives:  Conclude which standards should and must be applied to each type of audit  Distinguish among the three types of Yellow Book engagements Relationship to Other Standards GAGAS is just one of the standards that exists to guide [...]

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Introduction to the Yellow Book Interpreted

Objectives:  Differentiate between the Yellow Book and other auditing standards Assess whether an engagement requires the use of the Yellow Book Identify the way the Yellow Book is organized Why do they call it the “Yellow Book”? The Yellow Book goes by many names: Government Auditing Standards, Generally Accepted Government Audit Standards (GAGAS – I [...]

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Generating Cash Flow

Please enjoy this excerpt from the self-study text – The Four Principles of Happy Cash Flow – that I learned working with Dell and Walmart.  The economy is rocking right now – but don’t forget the value of liquidity when times get tough!  Learning Objectives Recognize the benefits of generating cash flow Identify the phases of the [...]

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The Most Important Change to the Yellow Book is the Green Book

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I’ve had a few months to digest the changes to the 2018 Yellow Book (Government Auditing Standards),and I’ve taught a few seminars and webinars about the changes.  Most of the changes do not shock my audiences. But I am noticing that quite a few auditors are not familiar with the Green Book which was published by [...]

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Little frauds are a big deal in government.

Please enjoy Chapter 1 of An Auditor’s Responsibilities for Fraud in the Government Environment, available at Yellowbook-CPE.com. Objectives:  Differentiate between auditing for fraud in the government environment and auditing for fraud in the commercial environment Fraud – it’s a costly thing! Whether it is committed in the government environment or the commercial environment, those who practice [...]

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Does culture matter?

On September 11, the Austin IIA Chapter is hosting a half-day seminar on Auditing Culture at the Alamo Theater on Anderson Lane. See the Austin IIA website to register. Does culture matter? Well, September 11 means something to all Americans. Some argue that the events of 9/11 stem from a clash of cultures. “Remember the [...]

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Why Auditors & Fraud Examiners Conduct Interviews

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Please enjoy this excerpt from Chapter 1 of Interviewing Skills for Government Auditors, available here. Objectives:  Distinguish between types of interviews  Identify the benefits of establishing rapport during an interview Identify the benefits of having a productive, friendly relationship with the client Always remember the purpose of an interview – to get information. But because you are working [...]

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To better serve you

Hi Audit Friends – I am pleased to announce a new website design that – we hope – will better serve you! The site is now organized by topic and by learning method (webinar, on-demand video, live courses, and self-study books).  Please take a few seconds and check it out:  Yellowbook-CPE.com.  New courses and features will [...]

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163 Times!

The 2018 version of the Yellow Book mentions audit objectives 163 times in one chapter; Chapter 8 the Performance Audit Fieldwork chapter. That tells me that objectives run the show! A few years ago, I created a white paper on objectives.  The concepts covered in the white paper are even more important today.  Please find [...]

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List of Changes in the Yellow Book

Hello Fellow Audit Nerds – I just finished comparing the 2011 Yellow Book to the 2018 Yellow Book.  Here is a list of the changes that caught my eye in the order they appear in the revised edition.  This list does not explain the changes – it only points them out.  I’ll be writing articles [...]

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Chapter 1: Lean Six Sigma for Accountants – Introduction

Please enjoy this excerpt from Lean Six Sigma for Accountants available as a self-study text here. Objectives:  Define Lean Six Sigma Determine how Lean Six Sigma fits into the accounting culture Introducing and Demystifying Lean Six Sigma Even for those familiar with it, Lean Six Sigma can mean different things to different people depending on the [...]

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