Description

GAGAS Performance Audit Standards - Video Course includes online videos and self-study manual for 8 hours of CPE credit.

The Government Accountability Office (GAO) released an updated version of the Yellow Book in 2024. The GAGAS Performance Audit Standards — Video Course highlights the crucial updates performance auditors need to know, including quality management as well as covering significant topics such as independence, CPE requirements, internal controls and audit evidence. Performance auditors will learn the major and minor themes of the chapters of the Yellow Book relevant to performance auditors as well as new terms and definitions added to the latest Yellow Book.

Course objectives include:

• Identify the way the Yellow Book is organized
• Differentiate between the Yellow Book and other audit standards
• Identify primary ethical principles for government auditors
• Identify threats to auditor independence
• Define safeguards to auditor independence including SKE
• Distinguish among the four types of Yellow Book engagements
• Recall reportable conditions and related behaviors
• Identify the purpose of the GAO's Green Book
• Distinguish between components of internal control
• Identify the elements of a finding
• Assess whether an audit team has met the Yellow Book requirements regarding quality management and peer review
• Sequence the steps of conducting a performance audit
• Define an audit objective
• Distinguish among the types of evidence and judge their relative strength
• Distinguish between mandatory and optional documentation requirements
• Cite CPE requirements established by the GAO

CPE Credit Hours: 8 NASBA Category of Study: Auditing (Governmental) Program level: Basic Prerequisites: None Advance preparation: None Who should attend: Performance Auditors Instructional method: Video with online qualified assessment. QAS SS Author: Leita Hart-Fanta, CPA This course is also included in the Yellow Book Standards for Performance Auditors Bundle and the Performance Audit Essentials Bundle. Questions? You can find our FAQ here and our policies here.