Yellow book : government auditing standards / Allison J. Harrell, Jeff Barbacci.

Format:

Book

Author/Creator:

Barbacci, Jeff, author.

Language:

English

Subjects (All):

Finance, Public--Auditing--Standards--United States.

Finance, Public.

Physical Description:

1 online resource (201 pages)

Edition:

1st ed.

Place of Publication:

Durham, North Carolina : Association of International Certified Professional Accountains, Inc., 2017.

Summary:

Do you perform engagements in accordance with generally accepted government auditing standards (GAGAS) as presented in the Yellow Book? This book provides an excellent baseline of information for accountants to better understand governmental auditing foundations, ethics, general audit standards, financial audit standards, attestation engagement standards, and fieldwork and reporting standards for performance audits. It is essential that all auditors planning and conducting audits in accordance with GAGAS understand and discern these concepts and standards in executing their responsibilities. In addition to a chapter covering the key points in a Uniform Guidance compliance audit, this book also includes content from AICPA Guide Government Auditing Standards and Single Audits related to a Uniform Guidance compliance audit, including appendixes for example auditor's reports and sampling guidance. This book will prepare you to do the following: Identify the types of engagements that are performed under Government Auditing Standards . Recognize Yellow Book requirements related to independence, peer review, and more. Identify the additional requirements for performing a financial audit under GAGAS. Recognize the additional GAGAS reporting requirements for financial audits. Recall the requirements for performing attestation engagements and performance audits under the Yellow Book.

Contents:

Intro

YELLOW BOOK: GOVERNMENT AUDITING STANDARDS

TABLE OF CONTENTS

OVERVIEW: GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS (YELLOW BOOK)

RATIONALE FOR GAGAS

BRIEF HISTORY OF THE GAS

ORIGIN OF THE STANDARDS

YELLOW BOOK REVISIONS

ACQUIRING THE GOVERNMENT AUDITING STANDARDS PUBLICATION

ADVISORY COUNCIL ON GAGAS

CHAPTER 1 GOVERNMENT AUDITING: FOUNDATION AND ETHICAL PRINCIPLES

LEARNING OBJECTIVES

INTRODUCTION

PURPOSE AND APPLICABILITY OF GAGAS

AUDITORS, AUDIT ORGANIZATIONS, AND AUDITS

GAGAS DEFINITIONS OF AUDITOR AND AUDIT ORGANIZATIONS

KNOWLEDGE CHECK

ETHICAL PRINCIPLES

THE PUBLIC INTEREST

INTEGRITY

OBJECTIVITY

PROPER USE OF GOVERNMENT INFORMATION, RESOURCES, AND POSITIONS

PROFESSIONAL BEHAVIOR

CHAPTER 2 STANDARDS FOR USE AND APPLICATION OF GAGAS

TYPES OF GAGAS AUDITS AND ATTESTATION ENGAGEMENTS

WHERE DO WE BEGIN?

HOW DO WE KNOW WHICH STANDARDS TO FOLLOW?

WHICH GAGAS REQUIREMENTS APPLY TO MY ENGAGEMENT?

WHAT ARE FINANCIAL AUDITS?

WHAT ARE ATTESTATION ENGAGEMENTS?

WHAT ARE PERFORMANCE AUDITS?

NONAUDIT SERVICES PROVIDED BY AUDIT ORGANIZATIONS

USE OF TERMINOLOGY TO DEFINE GAGAS REQUIREMENTS

RELATIONSHIP BETWEEN GAGAS AND OTHER PROFESSIONAL REQUIREMENTS

STATING COMPLIANCE WITH GAGAS IN THE AUDITORS' REPORT

OTHER IMPORTANT CONCEPTS

RELATIONSHIP OF GOVERNMENT AUDITING STANDARDS TO THE UNIFORMGUIDANCE

AICPA ETHICS CONSIDERATION

CHAPTER 3 GENERAL STANDARDS

INDEPENDENCE

WHEN SHOULD THE AUDITOR BE INDEPENDENT?

GAGAS CONCEPTUAL FRAMEWORK APPROACH TO INDEPENDENCE

APPLICATION OF THE CONCEPTUAL FRAMEWORK

GOVERNMENT AUDITORS AND AUDIT ORGANIZATIONAL STRUCTURE.

PROVIDING NONAUDIT SERVICES TO AUDITED ENTITIES

DOCUMENTATION OF INDEPENDENCE CONSIDERATIONS

PROFESSIONAL JUDGMENT

A COLLABORATIVE EFFORT

ABSOLUTE ASSURANCE IS NOT ATTAINABLE

COMPETENCE

TECHNICAL KNOWLEDGE

CONTINUING PROFESSIONAL EDUCATION

QUALITY CONTROL AND ASSURANCE

SYSTEM OF QUALITY CONTROL

DOCUMENTATION OF THE SYSTEM OF QUALITY CONTROL

EXTERNAL PEER REVIEW

CHAPTER 4 STANDARDS FOR FINANCIAL AUDITS

ADDITIONAL GAGAS REQUIREMENTS FOR PERFORMING FINANCIAL AUDITS

AUDITOR COMMUNICATION

PREVIOUS AUDITS AND ATTESTATION ENGAGEMENTS

FRAUD, NONCOMPLIANCE WITH PROVISIONS OF LAWS, REGULATIONS, CONTRACTS, AND GRANT AGREEMENTS, AND ABUSE

DEVELOPING ELEMENTS OF A FINDING

AUDIT DOCUMENTATION

ADDITIONAL GAGAS REPORTING REQUIREMENTS FOR FINANCIAL AUDITS

REPORTING AUDITORS' COMPLIANCE WITH GAGAS

REPORTING ON INTERNAL CONTROL, COMPLIANCE WITH PROVISIONS OF LAWS, REGULATIONS, CONTRACTS, AND GRANT AGREEMENTS

REPORTING VIEWS OF RESPONSIBLE OFFICIALS

REPORTING CONFIDENTIAL OR SENSITIVE INFORMATION

DISTRIBUTING REPORTS

ADDITIONAL GAGAS CONSIDERATIONS FOR FINANCIAL AUDITS

MATERIALITY IN GAGAS FINANCIAL AUDITS

EARLY COMMUNICATION OF DEFICIENCIES

PRACTICE EXERCISES

EXERCISE 4-1: IDENTIFYING ELEMENTS OF A FINDING

EXERCISE 4-2 (CASE STUDY): DRAFTING A FINDING

CHAPTER 5 STANDARDS FOR ATTESTATION ENGAGEMENTS

EXAMINATION ENGAGEMENTS

ADDITIONAL FIELDWORK REQUIREMENTS FOR EXAMINATION ENGAGEMENTS

ADDITIONAL GAGAS REPORTING REQUIREMENTS FOR EXAMINATION ENGAGEMENTS

ADDITIONAL GAGAS CONSIDERATIONS FOR EXAMINATION ENGAGEMENTS

REVIEW ENGAGEMENTS.

ADDITIONAL GAGAS FIELDWORK REQUIREMENT FOR REVIEW ENGAGEMENTS

ADDITIONAL GAGAS REPORTING REQUIREMENTS FOR REVIEW ENGAGEMENTS

ADDITIONAL GAGAS CONSIDERATIONS FOR REVIEW ENGAGEMENTS

AGREED-UPON PROCEDURES ENGAGEMENTS

ADDITIONAL GAGAS FIELDWORK REQUIREMENT FOR AGREED-UPON PROCEDURES ENGAGEMENTS

ADDITIONAL GAGAS REPORTING REQUIREMENTS FOR AGREED-UPON PROCEDURES ENGAGEMENTS

ADDITIONAL GAGAS CONSIDERATIONS FOR AGREED-UPON PROCEDURES ENGAGEMENTS

CHAPTER 6 FIELDWORK STANDARDS FOR PERFORMANCE AUDITS

IMPORTANT CONCEPTS RELATED TO PERFORMANCE AUDITS

REASONABLE ASSURANCE

SIGNIFICANCE

AUDIT RISK

FIELDWORK REQUIREMENTS FOR PERFORMANCE AUDITS

PLANNING

SUPERVISION

OBTAINING SUFFICIENT, APPROPRIATE EVIDENCE

CHAPTER 7 REPORTING STANDARDS FOR PERFORMANCE AUDITS

REPORTING

REPORT CONTENTS

OBJECTIVES, SCOPE, AND METHODOLOGY

REPORTING FINDINGS

CONCLUSIONS

RECOMMENDATIONS

REPORTING AUDITORS COMPLIANCE WITH GAGAS

CHAPTER 8 COMPLIANCE AUDITS UNDER THE UNIFORM GUIDANCE

UNIFORM GUIDANCE

UNIFORM GUIDANCE SUBPARTS

FREQUENTLY ASKED QUESTIONS

EFFECTIVE DATE OF THE UNIFORM GUIDANCE

IMPACT OF THE EFFECTIVE DATE OF THE ADMINISTRATIVE REQUIREMENTS AND COST PRINCIPLES

RESOURCES

SUMMARY OF SIGNIFICANT CHANGES

EXEMPT ORGANIZATIONS GLOSSARY

GOVERNMENTAL TERMINOLOGY

NOT-FOR-PROFIT TERMINOLOGY

SINGLE AUDIT &amp

YELLOW BOOK TERMINOLOGY

INDEX.

YELLOW BOOK: GOVERNMENTAUDITING STANDARDS

SOLUTIONS

LEARN MORE

WHY AICPA?

EULA.

Notes:

Description based on online resource; title from PDF title page (EBC, viewed March 22, 2018).

ISBN:

1-119-51245-X

1-119-51244-1

1-119-51234-4

OCLC:

1028218877