There are a number of sets of auditing standards that could possibly apply to an auditor engaged in auditing state and local governments, including the audits of federal funds received by these types of governments. Specifically, these three sets of standards are the AICPA Clarity Audit Standards, also known as Generally Accepted Auditing Standards (GAAS), Government Auditing Standards (GAS), also known as the Yellow Book, and of course, Uniform Guidance, also known as the Single Audit. This session will take a look at the most recent changes to all three sets of auditing standards and reveal any new insights as to not only what the changes are, but why the changes were contemplated.
Upon successful completion of this course, participants will be able to:
- Review recent changes to all three sets of auditing standards that typically apply to state and local governments.
- Gain insight as to not only the 'what' of the standards' changes, but also the 'why'.
- Learn tips for implementation review tools created to assist in implementation efforts.
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