Government Auditing Standards for Financial Audits (aka Yellow Book)  

By the end of this webinar you should be able to: summarize the major requirements of the 2018 revision of Government Auditing Standards (GAS); recognize the effective dates; know when GAS applies and recognize the various types of GAS engagements; know when GAS applies and recognize the various types of GAS engagements; describe the relationship between GAS and other professional standards; apply the Conceptual Framework Approach to Independence, including the requirement to provide nonaudit services; define the requirements for competence and continuing professional education (CPE); identify the quality control and peer review requirements of GAS; determine the additional GAS requirements when conducting and reporting on a financial audit; and distinguish between a GAS financial audit and other audits that are conducted in accordance with GAS.