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This course covers the additional requirements of generally accepted government auditing standards (GAGAS) as it relates to performance audits. The term "Performance Audit" refers to an independent examination of a program, function, operation, or the management systems and procedures of a governmental or non-profit entity to assess whether the entity is achieving economy, efficiency and effectiveness in the employment of available resources.

This module includes discussion of audit planning, staff supervision, obtaining sufficient, appropriate evidence, and audit documentation.

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

Learning Objectives

  • Recognize three important concepts related to performance audits.
  • Identify the Yellow Book fieldwork requirements for performance audits.
  • Recognize the concept of sufficient, appropriate evidence and its importance in an audit.
Last updated/reviewed: July 6, 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
  5:15Introduction to Yellow Book 5: Government Auditing Standards: Standards for Performance Audits
  13:10Assurance, Audit Risk, Planning & Needs
  13:08Internal and Information Controls
  12:01Provisions of Laws, Regulations, Contracts, and Grant Agreements
  14:53Provisions of Laws, Regulations, Contracts, and Grant Agreements Continued..
  8:15Overall Assessment of Evidence
  4:40Audit Documentation and Conclusion
CONTINUOUS PLAY
  1:11:23Yellow Book 5: Government Auditing Standards: Standards for Performance Audits
Supporting Materials
  PDFSlides: Yellow Book 5: Government Auditing Standards: Standards for Performance Audits
  PDFYellow Book 5: Government Auditing Standards: Standards for Performance Audits Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM