This course guides and instructs participants through the revised 2018 GAGAS standards pronounced by the Government Accountability Office (GAO). These standards provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process.
Course Publication Date:
August 30, 2022
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$100.00!
| Author: | Frank Castillo CPA |
| Course No: | GAUD-2018YB-10242 |
| Recommended CPE: | 10.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Auditing (Governmental)
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Learning Objectives
- Identify the effective dates for implementing the revised 2018 GAO Yellow Book.
- Recall changes implemented in connection with the 2018 GAO Yellow Book.
- Recall format changes in connection with the revised standards.
- Identify the types of audits and attestation engagements that audit organizations may perform under GAGAS.
- Recall the relationship between GAGAS and other professional standards.
- Recall the general requirements for complying with government auditing standards.
- Identify ethical principles including the GAGAS conceptual framework approach to independence.
- Recall ethical considerations specific to nonaudit services.
- Identify continuing professional education requirements for auditor’s subject to GAGAS.
- Recall qualifying subject matter topics associated with continuing education requirements.
- Identify details in connection with peer review requirements of subject organizations.
- Recall the three types of "Report Ratings" issued during a peer review.
- Recall details auditors would utilize in performing financial audits under GAGAS.
- Recall reporting obligations as it relates to presenting findings in an audit report.
- Identify the requirements for preparing attest documentation in a GAGAS engagement.
- Recall the standards for attestation engagements and reviews of financial statements.
- Recall the obligations that auditors have in communicating internal control deficiencies to entity officials.
- Identify fieldwork standards in connection with performance audits.
- Recall auditor requirements concerning the distribution of performance audit reports.
- Identify disclosure requirements auditors are subject to concerning confidential and sensitive information.