FMN Auditing

FMN Plus-2024/Feb, Seg 1 - Yellow Book Overview: Engagement Types, Independence Requirements & 2023 Proposed Revisions

The Yellow Book is the book of standards and guidance for auditors and audit organizations, outlining the characteristics of good audit reports, professional qualifications for auditors, and audit quality guidelines through the use of Generally Accepted Government Auditing Standards (GAGAS) or Government Auditing Standards (GAS). Philip Marciano, Managing Director at CBIZ and Shareholder at Mayer Hoffman McCann P.C., joins this segment to provide details regarding when the Yellow Book is used or required, the difference between attestation engagements and financial or performance audits, a deep dive into the requirements surrounding Yellow Book independence and CPE, as well as a 2023 Yellow Book update.

Learning Objectives:

  • Identify when the Yellow Book is used and required 
  • Distinguish between the three types of engagements under the Yellow Book: financial audits, attestation agreements, performance audits 
  • Recognize the importance and requirements of auditor independence and CPE under the Yellow Book
  • Identify major updates in the Yellow Book 2023 Exposure Draft"


Prerequisites/Advanced Preparation:

None

Speaker / Author:

Phil is a Managing Director and a member of the Nonprofit, Government and Healthcare Group located in our Woodbury, New York office, who has been serving clients since 2012. A CPA, Certified Government Financial Manager and a Chartered Global Management Accountant, he is recognized as a national resource for government and nonprofit accounting. Phil regularly leads training sessions for professional staff and has given seminars on behalf of the New York State Government Finance Officers Association, New York State Association of School Business Officials, New Jersey Society of Certified Professional Accountants and the Institute of Internal Auditors (Long Island Chapter). He is a discussion leader and instructor for the AICPA and Surgent Professional Education on subjects including governmental and nonprofit accounting and auditing.

Buy

Price (USD)

Standard: $69.90

Details

Course Code : FMN1547-FM

Release Date : 02/09/2024
Expire Date : 09/13/2025
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing

Theme : Auditing Standards

Included In

Returning Subscribers

Login Login