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 ingenerally 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.

 

Learning Objectives
  • 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
15 Reviews (74 ratings)

Reviews

5
Anonymous Author
As a non-profit auditor, I wish Illumeo specifically identified which of the yellow book courses are for auditors like me and which are for government auditors so i know to exclude it from my selection. I shall stay being an illumeo customer regardless. I do like the delivery of the courses in form of small segments so i can manage my time more efficiently.
5
Member's Profile
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.
5
Anonymous Author
The slides were terrific and very informational. I am really glad to use illumeo to get the CPE work completed it has various topics and is a good refresher for some topics that aren't as strong as others.
1
Member's Profile
The test questions seemed to have been written by someone that did not write the course. I gave up and pulled up the Government Auditing Standards Yellow Book to answer the questions.
4
Member's Profile
The material is excellent but the instructor is monotone and simply reads the slides. The material is relevant and up to date but do what you have to so you can stay awake!
4
Anonymous Author
Good overview of the government auditing standards for anyone who has taken a break from performing audits under GAGAS.
4
Anonymous Author
You spent 27 mins on Nonaudit services and nothing on the exam. Also nothing on peer reviews.
5
Anonymous Author
Yellow Book 2: Government Auditing Standards: Foundation Course Part 2 is an excellent section.
5
Member's Profile
The slides were terrific. I am really glad to use illumeo to get the CPE work completed
3
Member's Profile
I wish there were versions of the PDF with information said as well as just the slides.
4
Anonymous Author
Yellow Book 2: Government Auditing Standards: Foundation Course Part 2 is good course.
4
Member's Profile
Good overview and reminder of the conceptual framework and independence requirements.
3
Anonymous Author
The course provides a meaningful and informative review of GAAS.
4
Member's Profile
a good refreshing course to keep on top of government standards
4
Anonymous Author
Good fundamental class on Yellow Book auditing standards.
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Prerequisites
Course Complexity: Foundational

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.

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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Yellow Book 2: Government Auditing Standards: Foundation Course Part 23:32
  Independence Considerations6:53
  Independence Considerations Continued ..8:47
  Applying the Conceptual Framework5:12
  Audit Organization Structure9:50
  Nonaudit Services13:04
  Nonaudit Services Continued..14:59
  Documentation, Professional Judgment, & Competence 8:05
  Documentation, Professional Judgment, & Competence Continued..11:13
  Quality Control9:14
  External Peer Review and Conclusion11:09
CONTINUOUS PLAY
  Yellow Book 2: Government Auditing Standards: Foundation Course Part 21:41:58
Supporting Materials
  Slides: Yellow Book 2: Government Auditing Standards: Foundation Course Part 2PDF
  Yellow Book 2: Government Auditing Standards: Foundation Course Part 2 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam