Description

This course will provide an update of Government Auditing Standards as a result of the GAO's issuance of the 2024 Revision to Government Auditing Standards. The course will focus on the Revisions impact on financial statement audits. The course will also focus on the impact of Quality Management Standards as well as clarify as to when the concept of reporting key audit matters might apply for financial audits.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Daniel W. Bradley, CPA

Target Audience

Anyone involved in GAGAS (Yellow Book) audits

Course Objectives

After attending this presentation, you will be able to...Identify requirements related to audit reporting when the requirements for reporting on key audit matter applyRecall core concepts fundamental to determining and documenting independenceRecognize supplemental requirements imposed by the 2024 Yellow Book during the performance of a financial statement auditRecall significant changes made by the 20248 version of Government Auditing StandardsRecognize the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards

Subjects

The major topics that will be covered in this course include:Key changes made by the 2024 Revision to Government Auditing StandardsReview when the GAGAS requirements are applicable to a financial statement auditWhen reporting on key audit matters may apply in a GAGAS auditClarifications related to the independence requirements in a financial statement audit imposed by the 2024 Yellow BookReview the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing StandardsOther important matters contained in the 2024 Government Auditing Standards related to financial statement audits