A Complete Guide to the New Yellow Book (CGYB)

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Overview

8.0 Credits
ONLINE

The Yellow Book has been revised! This course will equip you with a comprehensive knowledge of the new Yellow Book requirements and increase your confidence and proficiency in performing Yellow Book audits. The course materials utilize a highly illustrative and innovative format including over 20 focused exercises on key practice issues.

Objectives

  • Thoroughly understand the requirements of the new Yellow Book and how they relate to the AICPA and single audit requirements
  • Excel in the Yellow Book auditing arena
  • Save time and stress on Yellow Book engagements via in-depth knowledge of the requirements

Major Topics

  • When is the auditor required to follow the Yellow Book (a.k.a., Government Auditing Standards, or GAGAS)?
  • How the Yellow Book requirements relate to generally accepted auditing standards and the single audit requirements
  • The different types of Yellow Book audit and attestation engagements that auditors may be called upon to perform
  • The Yellow Book standards related to the qualifications of the auditor (i.e., requirements related to independence, CPE, peer review, and more)
  • The Yellow Book requirements related to the performance of and reporting on a financial audit
  • The Yellow Book requirements related to attestation engagements (i.e., examinations, reviews, and agreed-upon procedures engagements) and performance audits

Designed For

Auditors performing Yellow Book engagements

Prerequisite

Basic audit knowledge

Advanced Preparation

None