Auditing (Govmnt)
One or more years' experience in auditing.

Course Description

Is it time for you to know the Yellow Book--really know it? Let Leita be your guide as she converts the GAO's Government Auditing Standards into plain English and helps you apply its unique standards and guidance to your audit. This course covers the latest on independence, quality control, and audit planning. All three types of engagements--financial, attestation, and performance--are covered. Whether you are an internal auditor, government monitor, or external auditor, the Yellow Book applies to you.


Leita Hart-Fanta, CPA, CGAP, CGFM

Leita Hart-Fanta, CPA, CGAP, CGFM, converts the complex topics of accounting, finance, auditing, and strategic planning into information that professionals can absorb and use. She’s the author of Accounting Demystified, 2nd Edition; The Four Principles of Happy Cash Flow; and STEP-by-STEP: Building a Persuasive Audit Report.

Leita is an experienced facilitator, having led over 1,200 full or multiday seminars. She has also keynoted numerous conferences and developed over 25 distinct CPE courses, including self-study courses for Western CPE. She was named an Outstanding Presenter by the Institute of Internal Auditors (IIA) in 2014.

Leita worked 5 years with the Texas State Auditor’s Office as both an auditor and a communications specialist. She has owned and operated AuditSkills, a training and professional development company, since 1995. Her clients include EDS, Dell Computer, First Data Corporation, Joseph Eves CPAs, the Texas State Auditor’s Office, among many others.

She’s a graduate of the University of Texas at Austin with a bachelor’s in business administration. Leita serves on the government conference planning committee of the Texas Society of CPAs (TSCPA) and is a member of the AICPA, TSCPA, IIA, and the Association of Government Accountants (AGA).

Course Specifics

Auditing (Govmnt)
Jun 20, 2017
One or more years' experience in auditing.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

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

Section 1

  • Differentiate between the Yellow Book and other auditing standards
  • Identify whether an engagement requires the use of the Yellow Book
  • Identify the way the Yellow Book is organized

Section 2

  • Classify your ethical responsibilities in the government environment

Section 3

  • Identify which standards should and must be applied to each type of audit
  • Distinguish between the three types of Yellow Book engagements

Section 4

  • Utilize the conceptual framework to identify threats to your independence as an auditor

Section 5

  • Define professional judgment per GAO standards
  • Identify whether an audit team has met competency standards
  • Identify whether an audit team has met the Yellow Book requirements regarding quality control and peer review

Section 6

  • Differentiate between GAO and AICPA standards regarding financial audits
  • Identify an audit finding as: an internal control weakness; a violation of contract or grant agreement; fraud; or abuse
  • Define abuse and your responsibility with regard to abuse in the government environment

Section 7

  • Compare AICPA financial audit reporting standards to GAGAS standards
  • Identify the triggers of an audit finding
  • Differentiate between the elements of a finding

Section 8

  • Identify whether an attestation engagement can be performed using the described project criteria
  • Distinguish between the three types of attestation engagements
  • Compare the requirements regarding internal controls, violations of contracts or grant agreements, fraud, and abuse among the three engagement types

Section 9

  • Identify the steps of planning and conducting a performance audit
  • Differentiate between the concepts of materiality and significance
  • Identify factors that affect audit risk in a performance audit

Section 10

  • Define the parameters of an audit project: audit objective, audit scope, and audit methodology
  • Distinguish between the types of information that you 'should' and 'may' gather during the planning phase of a performance audit
  • Differentiate between management control, internal control, and information technology control terminologies

Section 11

  • Identify whether a client behavior classifies as a reportable condition on a performance audit

Section 12

  • Identify criteria during the planning phase of a performance audit
  • Determine whether components of an audit project are in place

Section 13

  • Distinguish between the types of evidence and judge their relative strength
  • Distinguish between mandatory and optional documentation requirements

Section 14

  • Differentiate between the contents of a performance audit report including audit objective, scope and methodology, and audit results

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

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