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: May 27, 2022
6 Reviews (41 ratings)


Anonymous Author
I would encourage Illumeo to develop objective, qualitative criteria for the evaluation of the on-demand courses to assure a consistent level of quality across all courses.

Anonymous Author
This class contains specific information regarding ethics, independence, and professional judgment that auditors need to know for all audits, governmental or private

Member's Profile
No major issues with course. It is still conceptual at this point and crosses over with ethics, more of a summary of some ethical standards.

Anonymous Author
I like the use of case studies but there was no recap after the first one. It would be good if Adam recapped all the problems at the city,

Anonymous Author
2018 Yellow Book Part 2: Government Auditing Standards: Ethics, Independence, and Professional Judgment Course

Anonymous Author
I thought the course/instructor did a complete coverage of the subject.

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 .
Instructor for this course
Course Syllabus
  Introduction to 2018 Yellow Book Part 2: Government Auditing Standards: Ethics, Independence, and Professional...1:46
  Ethical Principles17:30
  Case Study12:03
  Independence Impairments9:44
  Other Services Provided by Government Audit Organizations13:15
  2018 Yellow Book Part 2: Government Auditing Standards: Ethics, Independence, and Professional Judgment... 1:25:43
  Slides: 2018 Yellow Book Part 2PDF
  2018 Yellow Book Part 2 Glossary/IndexPDF