The difference between fraud, waste and abuse is a matter of degrees. Only fraud is a reportable condition under Yellow Book standards.
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The Implementation Date of the 2018 Yellow Book is Near
The implementation date of the 2018 Yellow Book is near for performance auditors – audits beginning after July 1 this year! Check out this quote from the introductory letter of the 2018 Yellow Book: The 2018 revision of Government Auditing Standards is effective for financial audits, attestation engagements, and reviews of financial statements for periods […]
Focus on a narrow audit objective
The 2018 version of the Yellow Book mentions audit objectives 163 times in one chapter on performance audits! That tells me that objectives run the show! And you know, the broader your audit objective, the longer your audit becomes and the harder your audit report is to write. Narrow audit objectives keep your audit […]
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 […]
Does your team meet the 2018 Yellow Book Independence Standards?
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 […]
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 […]
What is an auditor?
Please enjoy this first chapter of self-study book Essential Skills for Government Auditor available on YellowBook-CPE.com. So here you are, an auditor. No other job title is more likely to be a conversation stopper at a dinner party. No one likes to be audited. But auditors do have an important role to play because, unfortunately, government leaders can’t […]
Yellow Book Ethics
Enjoy this excerpt from the self-study text: The Yellow Book Interpreted which qualifies for 15 hours of CPE. The GAO has a few things to say about a government auditor’s ethical responsibilities and, thus, added a large section on ethics to the 2007 revision of the Yellow Book. The same ethical principles appear in the 2017 […]
Pulling It All Together
What’s the matter with the crowd I’m seeing? “Don’t you know that they’re out of touch?” Should I try to be a straight-A student? “If you are then you think too much. Don’t you know about the new fashion, honey? All you need are looks and a whole lot of money?” It’s the next phase, […]
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