Yellow Book - Fundamental Principles of Governmental Auditing


The guide to governmental auditing -- the Yellow Book -- was revised in 2018. This course walks you through the fundamental principles of governmental auditing as set forth in the first five chapters of the Yellow Book. The standards apply to financial audits, attestation engagements, reviews of financial statements, and performance audits. The course clarifies conduct and reporting standards as well as the conceptual framework for independence.

Learning Objectives

After completing this course, the student will be able to identify:

  • the meaning of key terms used in GAGAS
  • general requirements for complying with GAGAS
  • which standards to apply when conducting various types of GAGAS engagements
  • independence requirements for non-audit services
  • an organization's responsibilities for quality control and monitoring
  • when and how auditors are required to cite their compliance with GAGAS in their reports

Designed For

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.


General awareness of auditing principles

Advanced Preparation


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