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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 4-Competence and Continuing Professional Education.

This course will cover GAGAS requirements for Competence which includes being knowledgeable about GAGAS requirements and the ability to proficiently apply that knowledge. 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 Generally Accepted Government Auditing Standards (GAGAS) competence requirements
  • Recognize how to proficiently apply the GAGAS requirements on engagements
  • Identify auditor and audit organization continuing professional education (CPE) requirements
Last updated/reviewed: November 8, 2019

4 Reviews (22 ratings)Reviews

5
Anonymous Author
If someone wants to know the requirements for Competency and CPE, then this is a great course. It is a little basic, but the requirements need to understood by people involved with GAGAS engagements.
4
Anonymous Author
I think some of your test questions are not clear and confusing. For example in this test you could use any of those people as specialists depending on the subject/scope of audit.
3
Anonymous Author
The training featured an extended clip from a news organization known as a conspiracy-pseudoscience source. Why?
5
Anonymous Author
2018 Yellow Book Part 3: Government Auditing Standards: Competence and Continuing Professional Education Course

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 OVERVIEW
  6:40Introduction to 2018 Yellow Book Part 3: Government Auditing Standards: Competence and Continuing Professional Ed...
  9:16Competence Requirements
  7:31Continuing Competence
  11:25CPE and Professional Judgment
  9:29Conclusion
CONTINUOUS PLAY
  44:212018 Yellow Book Part 3: Government Auditing Standards: Competence and Continuing Professional Ed...
Supporting Materials
  PDFSlides: 2018 Yellow Book Part 3
  PDF2018 Yellow Book Part 3 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM