NEW! 4-Hour Program
WHY ATTEND THIS COURSE?
The GAO issued an Exposure Draft of its 2017 Yellow Book in April 2017. The Exposure Draft is a modernized version of Government Auditing Standards that takes into account developments in the auditing, accountability, and financial management professions. Many of the new provisions address quality control issues identified by federal agencies and the AICPA. The comment period was over in July 2017 and the GAO is expected to issue the standards in late 2017 or early 2018 with effective dates for December 31, 2017 financial statement audits and thereafter. The new standards will require that auditors take 4 hours of CPE on this new Yellow Book to be repeated every time a new Yellow Book is issued. This course will meet that requirement. It will cover the Yellow Book requirements for financial statement audits, attestation engagements and performance audits.
Practitioners in public accounting that perform audits under Government Auditing Standards.
Participants will be able to:
COURSE ACRONYM: GAS4
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Basic
ADVANCE PREPARATION: None
FIELD OF STUDY: Auditing (Governmental)
RECOMMENDED CPE CREDIT: 4 hours
Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.