An Introduction to Yellow Book Standards

The Yellow Book was significantly revised in early 2007. The GAO's standards are currently the most stringent auditing standards on continuing education, independence, and quality control review.

The GAO created the Yellow Book to guide auditors of federal programs. Single audits (audits conducted under A-133 requirements) must adhere to Yellow Book standards. Many internal auditors in government agencies are required to comply with these standards.

The Yellow Book standards encompass performance audits, financial audits, and attestation engagements.

LEARNING OBJECTIVES:
Upon successful completion of this course, participants will be able to:

• Select the standards that apply to your engagement.
• Define requirements for peer review and quality control.
• Use the elements of a finding to flush out an audit issue.
• Differentiate between types of audits.
• Recognize when the Yellow Book is applicable.

HIGHLIGHTS:

• Audit plans.
• Working papers.
• Audit supervision.
• Reports.
• Continuing professional education.
• Independence.
• Professional conduct.