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CPE for Government Auditors

The 2018 Yellow Book Interpreted




$120 includes self-study manual and online quiz for 10 hours of CPE credit.

If you are a CPA – click here for important information!

Is it time for you to know the Yellow Book – really know it? Let Leita be your guide, as she converts the GAO’s 2018 Government Auditing Standards into plain English and helps you apply its unique standard and guidance to your audit. This text covers the latest on independence, quality control, and audit planning. All three types of engagements – financial, attestation, and performance – are covered. Whether you are an internal auditor, government monitor, or external auditor, the Yellow Book applies to you.

Course objectives include:

  • Differentiate between the Yellow Book and other auditing standards
  • Assess whether an engagement requires the use of the Yellow Book
  • Identify the way the Yellow Book is organized
  • Conclude which standards should and must be applied to each type of audit
  • Distinguish among the three types of Yellow Book engagements
  • Distinguish among the three types of attestation engagements
  • Classify your ethical responsibilities in the government environment
  • Apply the conceptual framework in evaluating threats to your independence as an auditor
  • Define professional skepticism per GAO standards
  • Assess whether an audit team has met competency standards
  • Determine whether an audit team has met the Yellow Book requirements regarding quality control and peer review
  • Differentiate between major themes in the Yellow Book and minor themes
  • Classify an audit finding as: an internal control weakness; a violation of contract or grant agreement; fraud; or abuse
  • Define abuse and your responsibility with regard to abuse in the government environment
  • Identify the purpose of the GAO’s Green Book.
  • Distinguish between components of internal control.
  • Distinguish between management objectives
  • Choose a finite subject matter on which to apply controls
  • Identify the auditor’s responsibilities regarding application of the Green Book
  • Classify an audit finding as: an internal control weakness; a violation of contract or grant agreement; fraud; or abuse and waste
  • Differentiate among the elements of a finding
  • Differentiate between the concepts of materiality and significance
  • Identify factors that affect audit risk in a performance audit
  • Define the parameters of an audit project: audit objective, audit scope, and audit methodology
  • Distinguish among the types of information that you “should” and “may” gather during the planning phase of a performance audit
  • Distinguish among the types of evidence and judge their relative strength
  • Distinguish between mandatory and optional documentation requirements
  • Identify communication requirements for all types of Yellow Book engagements
  • Identify planning requirements for all types of Yellow Book engagements

CPE Credit Hours: 10

NASBA Category of Study: Auditing (Governmental)

Program level: Intermediate

Prerequisites: One or more years experience in auditing.

Advance preparation: None

Instructional method: Self-study text with online quiz. QAS SS

About the Author(s): Leita Hart-Fanta, CPA, CGFM, CGAP

This course qualifies for Yellow Book CPE credit.


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