Leita Hart-Fanta was recently a guest on The Audit Room, the number one podcast where auditors can share their experiences, ask questions and get expert coaching and feedback. Listen now!
Red Book vs. Yellow Book
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “Should I adopt the IIA Red Book, or the GAO Yellow Book for my audit shop?”
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 […]