Description

This course covers guidance for reporting on performance audits in accordance with generally accepted government auditing standards (GAGAS). In this section you will learn about the form of the report and report contents; obtaining views of responsible officials; report distribution; reporting confidential or sensitive information; and what to do if you discover that you have insufficient evidence after report release. The Yellow Book lists the concepts of professional judgment, clarity, and accuracy as a framework for report creation and distribution throughout the discussion of reporting on performance audits. The course also includes real-world cases and examples to support the learning objectives.

The 2018 revision of the Yellow Book is effective for financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. Early implementation is not permitted.