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This course covers guidance for conducting performance audits in accordance with generally accepted government auditing standards (GAGAS). In this section you will learn about how to plan the audit; conduct the engagement; supervise staff; obtain sufficient, appropriate evidence; and prepare appropriate audit documentation. The concepts of evidence, significance, and audit risk form a framework for applying these requirements and are included throughout the discussion of 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.

Learning Objectives

  • Recognize the requirements for conducting performance audits in accordance with generally accepted government auditing standards (GAGAS)
  • Identify the auditor requirements regarding sufficient, appropriate evidence in performance audits
  • Identify the responsibilities of an auditor for assessing internal controls within the performance audit environment
Last updated/reviewed: November 5, 2019

6 Reviews (16 ratings)Reviews

4
Member's Profile
Adam has a clear and friendly communication style that help hold the participants attention in what can be a mundane topic. I liked his use of cases.
4
Member's Profile
There was a lot of information covered, yet the test doesn't cover all the content discussed in the course.
5
Anonymous Author
2018 Yellow Book Part 7: Government Auditing Standards: Fieldwork Standards for Performance Audits
4
Anonymous Author
Presenter is easy to understand and provides examples and cases to help support the information.
5
Anonymous Author
The thing I appreciated most is that the repetition presented facilitates learning.
5
Anonymous Author
This was helpful in understanding supervisory roles in auditing.

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
  10:54Introduction to 2018 Yellow Book Part 7: Government Auditing Standards: Fieldwork Standards for Performance Audits
  11:06Audit Objectives, Auditor Communication, Form of Communication, Legal Proceedings, Previous Engagements, Assigning...
  10:22Understanding User Needs, Understanding The Program, Understanding Internal Control, Internal Control...
  7:44Assessing Internal Control, Assessments of Internal Control, Identifying Deficiencies, Deficiencies and Findings
  7:03Information Systems Controls, Use of Information Systems and Federal Fumbles
  12:46Evaluation; Provisions of Laws, Regulations, Contracts and Grant Agreements; Significance of ...
  10:20Evidence, Sufficiency, Appropriateness and Appropriateness Examples
  16:13Conclusion
CONTINUOUS PLAY
  1:26:282018 Yellow Book Part 7: Government Auditing Standards: Fieldwork Standards for Performance Audits Full Video
SUPPORTING MATERIALS
  PDFSlides: 2018 Yellow Book Part 7
  PDF2018 Yellow Book Part 7 Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM