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This course covers the additional requirements of generally accepted government auditing standards (GAGAS) as it relates to performing and reporting on a financial audit including financial audit guidance and considerations. We also discuss the incorporation of the American Institute of Certified Public Accountants (AICPA) Auditing Standards into GAGAS, and other requirements that apply to Financial Audits.  Lastly, we discuss the elements of a finding and how to present the different types of findings within financial audits.

The course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.

Learning Objectives

  • Recognize the relationship of generally accepted government auditing standards (GAGAS or the Yellow Book) and the American Institute of Certified Public Accountants (AICPA) Statements on Auditing Standards (SASs)
  • Identify the additional GAGAS requirements for performing and reporting on financial audits
  • Identify the types of findings and elements of a finding within a financial audit
Last updated/reviewed: July 2, 2018

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed 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
  9:35Yellow Book 3: Government Auditing Standards: Standards for Financial Audits
  7:47Previous Audits, Fraud, Noncompliance, and Abuse
  8:23Audit Documentation and Reporting on Internal Control
  10:41Deficiencies, Abuse, and Reporting to Outside Parties
  8:15Reporting Views & Sensitive Information
  5:30Distributing Reports, Considerations, and Conclusion
CONTINUOUS PLAY
  50:10Yellow Book 3: Government Auditing Standards: Standards for Financial Audits
Supporting Materials
  PDFSlides: Yellow Book 3: Government Auditing Standards: Standards for Financial Audits
  PDFYellow Book 3: Government Auditing Standards: Standards for Financial Audits Glossary/Index
  PDFEncyclopedia of Ethical Failures
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM