Applying the Yellow Book to a Financial Statement Audit - VIRTUAL LIVE

Knowing just a little about the Yellow Book can hurt you! It is important to have a thorough understanding of the standards. This course covers the Yellow Book financial auditing requirements and prepares you to excel in applying the standards. You will learn precisely what the Yellow Book does and does not require auditors to do. Updated for the 2024 Yellow Book revision, the course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of the Yellow Book.

October 30, 2025, 12:00 pm - 3:30 pm  |  Online  |  KSCPA

Members: $215.00, Non-members: $310.00

CPE Categories: Auditing (4 CPE)

Interest Areas: Accounting and Auditing

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Description

It’s crazy to try to audit not-for-profits in the same manner that you do for-profits! The sane approach to auditing not-for-profits is to incorporate what makes them unique into the planning and performance of the audit. This course is designed to help you do just that! Obtain a superior working knowledge of auditing not-for-profit entities effectively and efficiently.

Learning Objectives

• Thoroughly understand the requirements of the Yellow Book and how they relate to the AICPA and single audit requirements
• Apply the Yellow Book in an effective and efficient manner
• Save time by understanding what the Yellow Book does and does not require auditors to do

Major Topics

• Critical concepts related to applying the Yellow Book including when the standards are applicable; the types of engagements involved; and the relationship between the Yellow Book and other standards
• The Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality management; and peer review
• The Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control

Who Should Attend?

  Auditors performing Yellow Book engagements

Prerequisites

Basic auditing knowledge

Delivery Details

This course is produced by Surgent; Big Marker. It will be delivered as a rebroadcast of a live event.