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Interpreting The Yellow Book (4151554C)
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"Generally Accepted Government Auditing Standards, also know as The Yellow Book, encompass performance and financial audits and are meant to guide auditors of federal programs. Since the standards are so comprehensive, many organizations not subject to federal regulations have adopted Yellow Book standards for use in their own auditing practices. Additionally, new standards on continuing education, independence and quality control review are causing quite a stir in the auditing community. This c

3/25/2016
When: 3/25/2016
9:30 AM - 5:00 PM
Where: Webcast/Webinar
Presenter: Leita Hart-Fanta, CPA, CGFM
Contact: April Deneault
801-834-6634


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Generally Accepted Government Auditing Standards, also know as The Yellow Book, encompass performance and financial audits and are meant to guide auditors of federal programs. Since the standards are so comprehensive, many organizations not subject to federal regulations have adopted Yellow Book standards for use in their own auditing practices. Additionally, new standards on continuing education, independence and quality control review are causing quite a stir in the auditing community. This course is focused on the 2011 revision and will bring attendees up to speed on all GAO-initiated changes.
OMB Circular A-133 requires government auditing standards.


Objectives:



    Identify the type of Yellow Book audit conducted.
    Explain new requirements for quality control review.
    Determine if the auditor has compromised integrity and independence per the standards.
    Define auditor responsibilities in each phase of the audit.
    Review requirements for Yellow Book audits and recognize areas of concern.

   

Major Subjects:

 

    Audit plans
    Work papers
    Peer review and quality control
    Independence
    Audit reports and findings
    Continuing professional education
   
   

Designed For:

  CPAs and professionals who perform audits using government auditing standards, as well as those who are on the receiving end of such audits.

Prerequisite:  One year or more of government audit experience.

Advanced Prep:  None

Speaker: Leita Hart-Fanta, CPA, CGFM

Vendor: CalCPA

Field of Study:  Governmental A&A

Level:  Intermediate

CPE Credit: 8 Hours

Acronym:  YBOOK

 

Registration Fees:

Members: $275

Nonmembers: $375

 

Meet the Speaker:

Leita Hart-Fanta, CPA, CGFM, is the founder of Yellowbook-CPE.com, a training and development company designed specifically for governmental auditors. Since 1995, she has authored and taught more than 20 seminars targeted at CPAs and governmental auditors. Ms. Hart-Fanta is the author of The Yellow Book Interpreted and Implementing the New Risk Assessment SASs -- self-study manuals for CPAs. She includes among her clients the AICPA, the Colorado Society of CPAs, the Texas State Auditor's Office and the National Association of State Auditors, Comptrollers and Treasurers. She is a guest columnist for Thompson Publishing's Single Audit Information Service.

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