Government Auditing Standards (or Yellow Book) has a unique perspective on ethics and transparency due to accountability owed to taxpayers, oversight bodies, and others. This course will discuss the foundational principles in the Yellow Book relevant to professional conduct on related engagements. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Discuss common financial statement disclosures for small- and medium-sized nonpublic entities
- Describe critical information useful to financial statement readers for making economic decisions
- Explain results of operations through information that supplements the face financial statements
Major Topics
The major topics that will be covered in this course include:
- Summary of the impact of fraud on entities worldwide.
- Common fraud schemes and typical median losses that result.
- How smaller entity fraud risk differs from those of larger entities.
- The statistical profile of the most common fraud perpetrator.
- The most effective methods for preventing and detecting fraud.
- Cybersecurity risk management trends and best practices.