Government Auditing Standards: Review and Update Course

Module 1: Introduction to Government Auditing Standards

• Understand the purpose and scope of Government Auditing Standards (GAGAS)
• Differentiate types of audits: financial, attestation, and performance
• Identify GAGAS users and engagements
• Review the structure and format of the Yellow Book

Module 2: Ethical Principles and Independence

• Explore ethical principles: public interest, integrity, objectivity
• Understand the independence requirements and conceptual framework
• Learn how to identify and mitigate threats to independence
• Distinguish between nonaudit services that impair or do not impair independence

Module 3: Professional Judgment and Competence

• Apply professional judgment throughout the audit lifecycle
• Understand continuing professional education (CPE) requirements
• Learn roles and responsibilities within audit teams
• Define qualifications for specialists and staff assignments

Module 4: Quality Management and Peer Review

• Implement a system of quality management for audit engagements
• Understand engagement quality reviews (EQRs)
• Evaluate internal and external peer review procedures
• Learn new 2024 Yellow Book updates for Chapter 5

Module 5: Fieldwork Standards for Performance Audits

• Plan audits using risk and significance assessments
• Gather sufficient and appropriate evidence
• Supervise audit staff and document fieldwork
• Evaluate internal controls, compliance, fraud, and abuse

Module 6: Reporting Standards for Performance Audits

• Structure and write performance audit reports
• Include required content: objectives, methodology, findings
• Understand reporting of internal control deficiencies and fraud
• Distribute reports and ensure compliance with GAGAS