Description

A thorough understanding of the Yellow Book is essential for anyone working with governments and not-for-profits. This course provides comprehensive coverage of Yellow Book requirements while building confidence and proficiency in performing Yellow Book audits. The course uses a highly illustrative and engaging format, featuring more than 25 focused exercises designed to strengthen practical application and enhance working knowledge.

Instructor: Charlie Blanton, CPA

Target Audience

Auditors performing Yellow Book engagements

Course Objectives

Thoroughly understand the Yellow Book

Excel in the Yellow Book auditing arena

Save time and improve performance on Yellow Book engagements via in-depth knowledge of the requirements

Subjects

Circumstances requiring auditors to follow the Yellow Book (Government Auditing Standards or GAGAS)

Relationship of Yellow Book requirements to GAAS and single audit requirements

Auditor qualifications under the Yellow Book: independence, CPE, peer review, and related requirements

The Yellow Book requirements related to the performance of and reporting on a financial audit

Identifying and reporting findings under the Yellow Book

The Yellow Book requirements related to attestation engagements (examinations, reviews, and agreed-upon procedures) and performance audits

Prerequisites

Basic audit knowledge