CPE Course Yellow Book: Government Auditing Standards

November 7, 2017

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after October 17 and pay $279.00
Non-member Price $359.00Register after October 17 and pay $379.00

Curriculum Yellow Book

Field of Interest Auditing, Government (General), Yellow Book

Level Beginning

Designed For

Government auditors and public accountants planning or conducting engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS) (“Yellow Book”)

8.00 credits

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Objective

Do you perform engagements in accordance with Generally Accepted Government Auditing Standards (GAGAS or GAS or the “Yellow Book”)? This course provides an excellent baseline of information for accountants as it relates to understanding Government Auditing Standards, including the foundation of government auditing and the related concepts and standards. It is essential that all auditors planning and conducting engagements in accordance with Government Auditing Standards understand and be able to discern these concepts and standards in executing their responsibilities.

LEARNING OBJECTIVES
When you complete this course you will be able to:
• Identify the guidance found in the Yellow Book.
• Recognize the relationship between Government Auditing Standards and other professional standards.
• Recognize the Yellow Book guidance regarding independence.
• Identify the Yellow Book requirements for financial statement audits, attestation engagements, and performance audits.

Highlights

TOPICS DISCUSSED
• Foundation of government auditing, including ethical principles
• Standards for use and application of Generally Accepted Government Auditing Standards
• General standards, including independence
• Standards for financial audits
• Standards for attestation engagements
• Fieldwork and reporting standards for performance audits
• Compliance audits under the Uniform Guidance
• Latest developments

Instructors

Lee Klumpp, CGMA, CPA

Lee Klumpp is BDO’s National Nonprofit & Education Industry Group Audit and Accounting Technical Leader. Lee recently completed a fellowship at the Financial Accounting Standards Board (FASB). During Lee's fellowship, he led the FASB's project to reexamine existing standards for financial statement presentation by not-for-profit entities, focusing on improving the net asset classification requirements and information provided in financial statements and notes about liquidity, financial performance, and cash flows. He also focused on various FASB agenda projects and implementation and emerging practice problems in the nonprofit industry. His responsibilities included making recommendations to the Board on technical issues and developing and drafting Accounting Standards Update. Lee has 20 years of experience serving a diverse group of nonprofit organizations while working for BDO and previously in the audit practices of Ernst and Young, LLP and KPMG. In his role at BDO, he spends a significant amount of time researching, writing, and disseminating information related to recent accounting and auditing pronouncements promulgated by the FASB, the Governmental Accounting Standards Board (GASB), the Office of Management and Budget, the Government Accountability Office, the Auditing Standards Board, and other groups that provide guidance for the nonprofit industry. Additionally, Lee is an accomplished speaker and has spoken on various not-for-profit accounting, governance auditing, internal control, governance, financial reporting, and single audit issue topics related to nonprofit organizations around the country.close

Prerequisites

Developer

AICPA

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