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This course covers the most recent release of the Government Accountability Office (GAO) Generally Accepted Government Auditing Standards (GAGAS) also known as the 2018 Yellow Book. This section discusses Chapter 3-Ethics, Independence, and Professional Judgment.

This course will cover the fundamental ethical principles expected of auditors within the government auditing environment and the independence standards while tying in the standard for auditor professional judgment in complying with GAGAS. 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.

Learning Objectives

  • Recognize the fundamental ethical principles for auditors in Generally Accepted Government Auditing Standards (GAGAS) audits
  • Recognize how to apply the independence framework when conducting engagements in accordance with GAGAS
  • Identify when auditors are required to exercise auditor professional judgement in GAGAS engagements
Last updated/reviewed: November 2, 2018

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required 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 .
Course Syllabus
INTRODUCTION AND OVERIVEW
  1:46Introduction to 2018 Yellow Book Part 2: Government Auditing Standards: Ethics, Independence, and Professional...
  17:30Ethical Principles
  14:39Threats
  12:03 Case Study
  9:44Independence Impairments
  13:15Other Services Provided by Government Audit Organizations
  16:44Conclusion
CONTINUOUS PLAY
  1:25:432018 Yellow Book Part 2: Government Auditing Standards: Ethics, Independence, and Professional Judgment...
SUPPORTING MATERIALS
  PDFSlides: 2018 Yellow Book Part 2
  PDF2018 Yellow Book Part 2 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM