The New Yellow Book: Government Auditing Standards

Do you want to learn about the 2018 revision to Government Auditing Standards (GAGAS or GAS or the “Yellow Book”)? This course is based on Government Auditing Standards, 2018 Revision, which is effective for financial audits of fiscal years ending on or after June 30, 2020. It provides an excellent baseline of information for accountants as it relates to understanding the guidance in the new Yellow Book. It also provides detailed information regarding auditor independence as found in Government Auditing Standards, 2018 Revision. It is essential that all auditors planning and conducting engagements in accordance with the new Yellow Book understand and be able to discern the requirements related to independence as found in Government Auditing Standards, 2018 Revision because those independence standards are effective for fiscal years beginning July 1, 2019.

Objectives:
Identify the guidance found in Government Auditing Standards, 2018 Revision. Recognize the relationship between GAS, other professional standards and Yellow Book guidance regarding independence as found in Government Auditing Standards, 2018 Revision. Identify the new Yellow Book requirements for financial statement audits, attestation engagements, and performance audits.

Designed for:
Government auditors and public accountants that will be planning or conducting engagements in accordance with Government
Auditing Standards, 2018 Revision (“Yellow Book”).