- NY Credits : 6.0
- TX Credits : 6.0
Thorough, comprehensive coverage of the topic is accentuated with easy-to-comprehend explanations of all types of government audits, including performance audits and financial audits. The most recent applicable GAO Yellow Book standards for government audits are effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020 and for performance audits for audits beginning on or after July 1, 2019. Early adoption is not permitted. This version clarifies the conduct and reporting standards, revises the conceptual framework for independence, provides a summary of requirements for documentation and communication. This course addresses this guidance provided by these applicable rules.
This course is most beneficial to professionals new to GAO Standards - Yellow Book who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to GAO Standards - Yellow Book.
Upon successful completion of this course, the user should be able to:
name the types of government audits,
describe fieldwork and reporting standards for financial audits,
identify fieldwork and reporting standards for attestation engagements and reviews of financial statements, and
define fieldwork and reporting standards for performance audits.