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This course covers guidance for conducting attestation engagements and reviews of financial statements in accordance with generally accepted government auditing standards (GAGAS) and reporting on them. In this section you will learn about attestation licensing requirements for auditors, what to do in cases of noncompliance, fraud, and abuse issues, internal control reporting, and general reporting requirements. The Yellow Book includes by reference the following American Institute of Certified Public Accountants (AICPA) guides; AICPA Statements on Standards for Attestation Engagements, and AICPA’s AR-C section 90, Review of Financial Statements. 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 requirements for conducting attestation engagements in accordance with generally accepted government auditing standards (GAGAS)
  • Identify the auditor reporting requirements regarding noncompliance, fraud, and abuse found in attestation engagements
  • Identify the responsibilities of an auditor when conducting a review of financial statements
Last updated/reviewed: November 19, 2019

5 Reviews (10 ratings)Reviews

4
Anonymous Author
Adam presents in a very clear and easy to understand manner. His use of cases help illustrate his points and enhances his presentation
5
Anonymous Author
2018 Yellow Book Part 6: Government Auditing Standards: Standards for Attestations and Reviews of Financial Statements
5
Anonymous Author
One of the elements especially appreciated in this training is the use of repetition. This is what helps me learn.
4
Anonymous Author
Good course to cover changes in the 2018 Yellow Book update.
5
Anonymous Author
Great job pulling relevant examples from the news!

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
  11:55Introduction to 2018 Yellow Book Part 6: Government Auditing Standards: Standards for Attestations and Reviews...
  15:54Noncompliance
  13:12Case
  5:21Review Engagements
  8:47Agreed-Upon Procedures Engagements
  4:17Reviews of Financial Statements
CONTINUOUS PLAY
  59:252018 Yellow Book Part 6: Government Auditing Standards: Standards for Attestations and Reviews of Financial Statements
SUPPORTING MATERIALS
  PDFSlides: 2018 Yellow Book Part 6
  PDF2018 Yellow Book Part 6 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM