1 CPE This course covers the primary reasons why a generally accepted government auditing standards (GAGAS or the Yellow Book) audit is performed, and discusses GAGAS ethical principles.
Furthermore, the course describes the types of engagements that may be performed under GAGAS and its relationship to other professional standards.
Via the course you will learn why audit, review, and performance engagements are performed under generally accepted government auditing standards (GAGAS or the Yellow Book) and why these audit standards are considered important. You will be shown the most important ethical principles presented in chapter 1 of the Yellow Book including Independence, Objectivity, The Public Interest, and Proper Use of Government Information. And you will be shown the types of engagements that can be performed in accordance with generally accepted government auditing standards (GAGAS or the Yellow Book) including Financial Audits, Attestation Engagements, and Performance Audits
The course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.
Learning Objectives
- Recognize why audit, review, and performance engagements are performed under generally accepted government auditing standards (GAGAS or the Yellow Book) and why these audit standards are considered important
- Identify the most important ethical principles presented in chapter 1 of the Yellow Book including Independence, Objectivity, The Public Interest, and Proper Use of Government Information
- Identify the types of engagements that can be performed in accordance with generally accepted government auditing standards (GAGAS or the Yellow Book) including Financial Audits, Attestation Engagements, and Performance Audits
Last updated/reviewed: March 7, 2024
27 Reviews (84 ratings)
Reviews
chaya fuhrer
( at Gershon Beigeleisen and Co.)
1) I did not like that instructor just read from the slides with no more explaining. once i realized this i just opened the slides and read them on my own in 15 minutes and took the test and got 100%
2) i took this course because i was trying to figure out if a client needs a yellow book audit and the course description said "Yellow Book 1: This course covers reasons a GAGAS audit is performed" but after reading all slides i still don't know when an entity must perform a yellow book audit. on page 9 of slides it says "when use of gagas is required or voluntarily followed" but no further info was provided. i am disappointed.
Anonymous
(Accountant)
Adam Sanders helped give an overview of a complicated topic. At time, the terminology was confusing as certain points seemed the same as others. However, it is a regulation-heavy topic so that is to be expected. The ethical failure stories helped break up the technical aspects of the topic.
Anonymous
(Risk manager)
The course is completely new to me, because I work in the company involved in corporate business. I have to handle some business relationship with government, so it would be helpful to learn some knowledge about GAGAS. Thanks for Mr. Adam' great work.
Penny Conselman
( at USG)
This lesson provides a good overview of the Yellow Book and Financial Statement Audits, Attestation Audits, and Performance Audits. Good refresher and good for people without extensive Yellow Book experience.
Anonymous
(attorney)
rather than the examples of fraud, it would have been better to hear about examples of audit results. It would have helped to see examples of materials reviewed and objects given and results obtained
Curtis Coachman
(Auditor at VA)
I found this course to be an easy to follow/understand introductory explanation of GAGAS. I would readily recommend it to my coworkers and peers in their pursuit of auditing and CPE qualification.
Anonymous
(Staff Accountant)
The course was very helpful and educational for the subjects listed. It was thorough in explaining the subject matter and the power point slide was very helpful as a reminder of the material.
Gary Becker
(Director of Finance at Sno-Isle Libraries)
I enjoyed Mr. Sanders' presentation style, and particularly benefited from his use of examples to illustrate the key learnings. I will look for other presentations by Mr. Sanders.
Suzanne Lentz
( at Richmond County School System)
General overview of Yellow Book Accounting. Pretty basic information for new accountants. Included interesting little tidbits of government ethical failures.
Jason Mack
(VP Government Compliance at Jacobs)
A good overview of GAGAS and US government auditing requirements. If you hold the CGAP, work for an OIG shop, DCAA, etc... this is a good refresher course.
Anonymous
()
Very good overview and introduction to the yellow book. This course provided a good foundation to build on as well as being a good refresher course.
Linda Forde
(Owner at The Forde Firm, LLC)
Unfortunately the instructor reads directly from the slides in a monotone voice. This is not helpful in meeting the learning objectives at all.
Anonymous
(Audit Manager)
Adam is clear, concise and easy to understand, I would recommend this course for any beginning or experienced auditor.
Anonymous
(finance controller /Director)
Generally Accepted Government Auditing Standards has wide role and meaning in Accounting division.
RUSSELL FULCHER
( at PCX)
Mr. Sanders did an excellent job presenting the difference between the AICPA standards and GAGAS.
Anonymous
(Program Analyst - Auditor)
The material is useful but the instructor is monotone,which makes it difficult to stay engaged.
William Murphy
( at usg)
I learn better when I can read-along with the narration script; providing that would be helpful.
Anonymous
()
Information was very dry. Presenter was thorough but too much material presented for 1.0 CPE
Anonymous
()
Yellow Book 1 Government Auditing Standards Foundation Course Part 1 excellent course
Anonymous
(CSR)
A very good course to introduce you to goovernment auditing and the issues involved.
Michael Reles
( at US Department of Transportation)
good length. i appreciate hour long classes. all needed content covered
Anonymous
()
In view of the recent revisions, this was a good review course.
Anonymous
()
Very clear and succinct training on the overview of GAGAS.
Judi Neifert
(Functional Analyst at Jenesis Financial Management)
Good course. Starts the basic foundations of Yellow Book.
Anonymous
()
Good overview. Very basic course but was a good refresh
Anonymous
(Manager)
nice course for someone unfamiliar with such standards
Chariel Esconde
(Junior Auditor at HWA Alliance of CPA Firms)
nice course. i will recommend this to my colleagues.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Adam SandersCPA & Consultant Specializing in Not-for-Profit & Small Businesses
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