Yellow Book: Staying Compliant With Government Auditing Standards
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(Check-In 8:30am EST)
Virtual
8.00 Credits
Member Price $309.00
Non-Member Price $459.00
Overview
You could pay $0 for this course!
This course qualifies for reimbursement through the State Workforce Training Express Fund. Firms/companies with fewer than 100 staff will receive 100% of the cost of training reimbursed. You must register for this course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks before the start date of the course to be eligible. The course code for this program is C-9365. To learn more click here or contact Julia Ekelund at jekelund@mscpaonline.org.
Based on Government Auditing Standards, 2018 Revision, this course is essential for auditors performing Yellow Book audits. It provides detailed information about conducting engagements in accordance with the Yellow Book and requirements related to independence. This course will increase your knowledge of the requirements and application guidance related to ethics, standards for financial audits, attestation engagements, performance audits, and more.
Highlights
• Foundation and principles for use and application of GAGAS • General requirements for complying with the Yellow Book • Ethics, independence, and professional judgment • Competence and CPE • Quality control and peer review • Standards for financial audits • Standards for attestation and review engagements • Fieldwork and reporting standards for performance audits
Designed For
Government auditors and public accountants that will be planning or conducting engagements in accordance with Government Auditing Standards, 2018 Revision (“Yellow Book”)
Objectives
When you complete this course, you will be able to: • Distinguish the types of engagements that are performed under generally accepted government auditing standards (GAGAS) • Recognize the requirements found in Government Auditing Standards (Yellow Book) • Identify the requirements and guidance related to independence • Recall the requirements regarding CPE, professional judgement, quality control and peer review under GAGAS • Identify the additional requirements for performing and reporting on a financial audit under GAGAS • Recall the requirements for performing attestation and review of financial statement engagements and performance audits under GAGAS
Leader(s):
Leader Bios
Eric Formberg, American Institute of CPAs
Eric Formberg, Auburn Hills CPA, CGFM, Partner (retired) Eric has more than 40 years of experience in governmental financial statement and compliance auditing. He recently retired from the partnership at Plante Moran. His roles at the firm included the firm’s primary technical specialist for public education practice, and the leader of the firm’s single audit practice. He continues to assist the firm’s K12, single audit and public sector professional standards teams on a consulting basis. Throughout his entire career he has created and delivered training in governmental accounting/auditing and the single audit for Plante Moran as well as for firms and organizations across the country. The firm’s single audit practice, one of the largest in the country, serves public education, municipalities, higher education, not-for-profits, real estate, hospitals, and for-profit companies receiving federal assistance. Eric has been active in standard setting and the application of standards in his roles as a previous member of the AICPA Government Expert Panel, and the GAQC Executive Committee. In 2019, he concluded his role as charter member of the Federal Single Audit Roundtable. He continues to serve the profession as a member the AICPA Governmental Accounting and Auditing Conference Planning Task Force and as an ad hoc advisor to AICPA governmental auditing and accounting groups. He is also a member of the AGA and is a Certified Government Financial Manager.
Non-Member Price $459.00
Member Price $309.00