In July 2018, the U.S. Government Accountability Office (GAO) issued a new version of its publication Government Auditing Standards (“GAS,” also known as “Generally Accepted Governmental Auditing Standards” or “GAGAS”). The publication is often called "The Yellow Book" based on the traditional color of its cover. Major changes include a new format, expanded independence requirements that may affect the kinds of non-audit services CPAs can provide to their government audit clients, and new guidance on auditor's responsibilities to report on waste and abuse discovered during audits. Other changes, including peer review and continuing education requirements, will directly affect independent auditors and government audit shops that perform their work in accordance with “The Yellow Book” standards. Whether you're an auditor or an auditee, come to this session to hear how these changes will affect you.
Golden Rules: The New Yellow Book and How it will Affect You
Wednesday, May 22, 2019 - 10:30am to 12:10pm
Field of Study:
Auditing – Governmental
Familiarity with Generally Accepted Governmental Auditing Standards.