In this issue, we're going to look at recent proposals in the governmental auditing arena. Approximately every 3 years the GAO looks at revising Government Auditing Standards, better known as the Yellow Book. Earlier this year they issued an exposure draft with proposed changes, including larger discussions around waste and abuse, and changes to the CPE requirements. Please note this course does not currently provide CPE credit.
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Upon successful completion of Ten Minute Yellow Book, New and Improved, the user should be able to:
identify three changes proposed to GAGAS.