2018 Yellow Book Standards for Financial Audits – Video Course

Description

2018 Yellow Book Standards for Financial Audits – Video Course includes an online video and self-study manual for 2 hours of CPE credit.

The Government Accountability Office (GAO) released an updated version of the Yellow Book in 2018. The 2018 Yellow Book Standards for Financial Audits—Video Course highlights the crucial updates financial auditors need to know. By staying up-to-date on the latest chapters and format of the Yellow Book standards, financial auditors can solidify their accountability, transparency, and service. The major and minor themes as well as new terms and definitions added to the latest Yellow Book are discussed.

Course objectives include:

• Identify the basic requirements of independence as defined by GAO.
• Recognize the requirements of engagements and reporting as defined by the GAO.
• Recall reportable conditions and related behaviors.
• Identify the elements of a finding.
• Identify the purpose of independence in an audit.
• Recognize the GAO’s requirements on non-audit services.
• Cite CPE requirements established by the GAO.
• Identify different types of engagement.
• Recall the five components of control.
• Identify key terms as defined by the AICPA.
• Recall reportable conditions and related behaviors.
• Identify the components of the audit trifecta.
• Identify the elements of a finding.

CPE Credit Hours: 2
NASBA Category of Study: Auditing (Governmental)
Program level: Basic
Prerequisites: None
Advance preparation: None
Who should attend: Auditors of government programs.
Instructional method: Video with online quiz. QAS SS
Author: Leita Hart-Fanta, CPA, CGFM, CGAP

This course qualifies for Yellow Book CPE credit.

This course is also included in the Yellow Book Standards for Financial Auditors Bundle and the Single Audit Bundle.

Questions? You can find our FAQ here.