This course covers General Standards found in generally accepted government auditing standards (GAGAS or Yellow Book), discusses auditor professional judgment, competence and independence standards for how audits should be performed and discusses quality control standards. It ends with a discussion of Peer Review requirements.
The course will help you identify the four general standards found in generally accepted government auditing standards (GAGAS or the Yellow Book) and it reviews the Yellow Book competence standard and what it encompasses, and finally it discusses the importance of professional judgment.
The course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.
Prerequisites
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Learning Objective
- Identify the four general standards found in generally accepted government auditing standards (GAGAS or the Yellow Book).
- Identify the Yellow Book competence standard and what it encompasses.
- Identify the reasons for the importance of professional judgment.
Last updated/reviewed: March 8, 2024
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INTRODUCTION AND OVERVIEW
- Yellow Book 2: Government Auditing Standards: Foundation Course Part 2 3:32
- Independence Considerations 6:53
- Independence Considerations Continued .. 8:47
- Applying the Conceptual Framework 5:12
- Audit Organization Structure 9:50
- Non audit Services 13:04
- Non audit Services Continued.. 14:59
- Documentation, Professional Judgment, & Competence 8:05
- Documentation, Professional Judgment, & Competence Continued.. 11:13
- Quality Control 9:14
- External Peer Review and Conclusion 11:09
CONTINUOUS PLAY
Supporting Materials
- Slides: Yellow Book 2: Government Auditing Standards: Foundation Course Part 2 PDF
- Yellow Book 2: Government Auditing Standards: Foundation Course Part 2 Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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