Course

Applying the New Yellow Book to a Financial Statement Audit

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Event Details

Wednesday, August 5, 2020

12:30pm – 4:00pm
(Registration: 12:00pm)

Location

Fairmont Hot Springs Resort

1500 Fairmont Rd

Fairmont, MT 59711

406-797-3241

Field of Study

  • Auditing (Governmental)                           

CPE Credit

4 hours CPE credit

Course Code

QUA4-15

Instructor

Level of Knowledge

Basic

Vendor

Surgent CPE LLC

Prerequisites

Basic audit knowledge.

Description

The new Yellow Book is effective for audits of financial statements for periods ending on or after June 30, 2020! This course not only explains the new financial auditing standards, it also prepares you to excel in implementing the new Yellow Book. Learn precisely what the new Yellow Book does and does not require auditors to do. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of the new Yellow Book.

Highlights

  • Critical concepts related to applying the new Yellow Book including when the standards are applicable; the types of engagements involved and the relationship between the Yellow Book and other standards
  • The new Yellow Book standards related to ethics; independence; professional judgment; competence and CPE; quality control and peer review
  • The new Yellow Book requirements related to performing and reporting on financial audits and how those requirements affect the audit in areas like internal control

Objectives

  • Thoroughly understand the requirements of the new Yellow Book and how they relate to the AICPA and single audit requirements
  • Prepare to implement the new Yellow Book in an effective and efficient manner
  • Save time by understanding what the new Yellow Book does and does not require auditors to do

Designed For

Auditors performing Yellow Book engagements.

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