A thorough understanding of the Yellow Book is essential for anyone working with governments and not-for-profits. This course provides comprehensive coverage of the Yellow Book financial auditing requirements and prepares you to excel in applying the standards. The course uses a highly illustrative and engaging format, featuring 15 focused exercises designed to strengthen practical application and enhance working knowledge.
Learning Objectives
- Thoroughly understand the Yellow Book
- Excel in the Yellow Book auditing arena
- Save time and improve performance on Yellow Book engagements via in-depth knowledge of the requirements
Major Topics
- Circumstances requiring auditors to follow the Yellow Book (Government Auditing Standards or GAGAS)
- Relationship of Yellow Book requirements to GAAS and single audit requirements
- The Yellow Book requirements related to the performance of and reporting on a financial audit
- Identifying and reporting findings under the Yellow Book
