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Surgent's Applying the Yellow Book to a Financial Statement Audit

  • 08/24/2022
  • 12:30 PM - 4:00 PM
  • QUA4-2022-01-WEBNR-236-01

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Knowing just a little about the Yellow Book can hurt you! You need to have a thorough understanding of the standards. This course not only explains the Yellow Book financial auditing standards, but it also prepares you to excel in applying those standards. Learn precisely what the Yellow Book does and does not require auditors to do. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of the Yellow Book.

Major Topics:

  • Critical concepts related to applying the new Yellow Book including when the standards are applicable; the types of engagements involved; and the relationship between the Yellow Book and other standards
  • The new Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control; and peer review
  • The new Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control
    Objectives:
    • Thoroughly understand the requirements of the new Yellow Book and how they relate to the AICPA and single audit requirements
    • Prepare to implement the new Yellow Book in an effective and efficient manner
    • Save time by understanding what the new Yellow Book does and does not require auditors to do
      Designed for: Auditors performing Yellow Book engagements

      Level: Basic

      Instructor: Charlie Blanton, CPA

      CPE Credits: 4

      Area of Study: Auditing (Governmental) (4)


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