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Surgent's Complete Guide to the Yellow Book (YBYB)
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The Yellow Book is a comprehensive document containing general standards, performance standards, and reporting standards for audit and attestation engagements. The purpose of this course is to increase your confidence and proficiency in performing Yellow Book engagements through a thorough understanding of the standards. The course materials utilize a highly illustrative and innovative format. Over 20 focused exercises are included to provide an enhanced working knowledge of the Yellow Book.

 Export to Your Calendar 11/1/2016
When: Tuesday, November 1, 2016
7:00 AM - 3:00 PM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


Online registration is available until: 11/1/2016
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Acronym YBYB
CPE 8 hours
Category
Auditing (Governmental)
Level Basic
Vendor Surgent
Who should attend

Auditors performing Yellow Book engagements

Prerequisite
Basic audit knowledge
Fees: Early Bird
Standard
Member N/A
$219
Non-Member: N/A
$269

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description:
The Yellow Book is a comprehensive document containing general standards, performance standards, and reporting standards for audit and attestation engagements. The Yellow Book features a conceptual framework approach to independence, financial auditing standards, attestation standards, and more. The purpose of this course is to increase your confidence and proficiency in performing Yellow Book engagements through a thorough understanding of the standards. The course materials utilize a highly illustrative and innovative format. Over 20 focused exercises are included to provide an enhanced working knowledge of the Yellow Book.

Major Topics:

  • The purpose and applicability of the Yellow Book (a.k.a., Government Auditing Standards, or GAGAS)
  • Ethical principles in Yellow Book engagements
  • Types of Yellow Book audit and attestation engagements
  • The use of terminology to define the Yellow Book requirements
  • The Yellow Book’s general requirements, including the independence requirements, professional judgment, competence (including CPE), and quality control and assurance (including peer review)
  • The Yellow Book performance standards for financial audits -- including auditor communication; previous audits and attestation engagements; fraud, noncompliance with provisions of laws, regulations, contracts, and grant agreements, and abuse; developing elements of a finding; and audit documentation
  • The Yellow Book reporting standards for financial audits -- including reporting auditor’s compliance with GAGAS; reporting on internal control, compliance with provisions of laws, regulations, contracts, and grant agreements, and other matters; reporting views of responsible officials; reporting confidential or sensitive information; and distributing reports
  • Additional considerations related to Yellow Book financial audits -- materiality, early communication of deficiencies 
  • The Yellow Book requirements for attestation engagements (examinations, reviews, and agreed-upon procedures) and performance audits

Objectives:

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

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