This course will provide an update of Government Auditing Standards as a result of the GAO's issuance of the 2024 Revision to Government Auditing Standards. The course will focus on the Revisions impact on financial statement audits.
DESIGNED FOR
Anyone involved in GAGAS (Yellow Book) audits
BENEFITS
After attending this presentation, you will be able to...
- Identify requirements related to audit reporting when the requirements for reporting on key audit matter apply
- Recall core concepts fundamental to determining and documenting
HIGHLIGHTS
The major topics that will be covered in this course include:
- Key changes made by the 2024 Revision to Government Auditing Standards
- Review when the GAGAS requirements are applicable to a financial statement audit
- When reporting on key audit matters may apply in a GAGAS audit
- Clarifications related to the independence requirements in a financial statement audit imposed by the 2024 Yellow Book
- Review the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards
- Other important matters contained in the 2024 Government Auditing Standards related to financial statement audits
PREREQUISITES
None
ADVANCE PREPARATION
None