The New 2024 Yellow Book - Government Auditing Standards

Overview

Highlights

• Incorporates the new Quality Management Standards
• Format differentiates requirements from application guidance
• Overview of auditing and reporting requirements of the new 2024 Yellow Book
• Application guidance addressing Waste and Abuse
• Covers the realigned Internal Control requirements
• Covers Yellow Book Independence requirements regarding auditor preparation of accounting records and financial statements
• Peer Review requirements and changes thereto
• Discussion of the CPE Requirements and related guidance
• Addresses revisions made in the 2024 Yellow Book and emphasizes differences from the previous version
• Includes copies of the financial auditing chapters
• Includes current AICPA audit report examples

Prerequisites

Basic knowledge of governmental and/or nonprofit accounting and auditing

Designed For

Auditees and auditors who want to understand the impact of GAO’s Revised 2024 Government Auditing Standards on the audits of states and local governments and nonprofit entities

Objectives

To enable practitioners to understand and efficiently implement the requirements of the New 2024 Yellow Book, including the changes resulting there from, effective for financial audits soon!

Preparation

None

Notice

• This event is paperless unless you elect to pay for printed materials. • All materials will be available to download in advance and participants will receive an email two days prior to the course date. • Materials will also be posted in the “My CPE” section of the NESCPA website. • Parking and lunch are provided on-site