Description

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 3-Ethics, Independence, and Professional Judgment.

This course will cover the fundamental ethical principles expected of auditors within the government auditing environment and the independence standards while tying in the standard for auditor professional judgment in complying with GAGAS. 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.