Overview
Governmental financial statements and auditing rules differ from commercial ones. Governmental audits ensure the performance, cost, and stewardship of operations. The Yellow Book by the GAO outlines standards (GAGAS) for competent, objective audits. The course covers peer review, quality control, and the roles of audit team members. It also highlights key Yellow Book rules, recent updates, and changes to continuing education requirements.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- identify the Yellow Book’s purpose, users, and applicable engagements.
- understand GAGAS requirements vs. other auditing standards (AICPA, PCAOB, IAASB).
- know when and how to cite GAGAS or other standards in audit reports.
- identify seven threats to auditor independence and non-audit services that impair it.
- understand audit organization’s responsibilities for staff competence, CPE documentation, and quality control.
- locate Yellow Book chapters for financial audits, attestation engagements, and reviews.
- recognize fieldwork and reporting requirements for GAGAS performance audits.
- identify four elements of an audit finding and seven elements of a quality audit report.
Designed For:
CPAs, CIAs, new and seasoned auditors of all types
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.
Course Information
Adding additional credit may change exam requirements.
| Advanced Preparation: | None |
At WebCE, we are passionate about delivering exceptional professional development solutions. With world-class customer support and education to serve multiple professions, we're here to help professionals reach their career goals.
Copyright ©1992-2026 WebCE®. All Rights Reserved.
S2-32 - Framework