The 2018 yellow book revision course not only explains the new standards, it also prepares you to excel in implementing them. Aug 18, 2017 recall the concepts and guidance found in the yellow book. This short course focuses on the requirements of the yellow book that challenge cpas in public practice including the cpe, independence, and reporting requirements. Aicpa requires that cpas have continuing education to be a member. Yellow book style yb02 cpe credit offers cpa courses and testing materials as well as online courses. Aicpa governmental and notforprofit training program. This section of the aicpas governmental audit quality center gaqc web site is intended to provide links to practice aids and tools that will assist auditors in understanding the requirements of government auditing standards, issued by the comptroller general of the united states also referred to as the yellow book and gagas and includes the following. The course includes an overview of requirements, and how gaas and the yellow book apply to the compliance audit. American institute of certified public accountants aicpa membership society icpas membership accountability office gao yellow book standards s initial period each new licensees not required to begin accumulating cpe hours until after first renewal period 225 ilcs 45016d from january 1, 2001 forward, and for. If an auditor is interested in yellow book credit, professional judgment must be used when determining and documenting if these sessions qualify for yellow book cpe in accordance with the government accountability office, government auditing standards, december 2011 revision, and guidance on gagas requirements for continuing professional. This document provides guidance to auditors and audit organizations in implementing the continuing professional education cpe requirements prescribed by the government auditing standards yellow book issued by the comptroller general. Fasb, aicpa, gao, and omb, while providing the kind of. Many audits covered by the gaqc are performed under government auditing standards also referred to as the yellow book issued by the gao. This event may be a rebroadcast of a live event and the instructor will be available to answer your.
Today most cpas and governmental auditors are on the go and cant always wait to take their required yellow book. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit. Dating back to 1887, our organization represents over 400,000 professionals from around the world. The unique serial number can be found on the inside cover of your book. Our free compliance manager makes it easy to actively monitor your cpe deadlines and mandatory subject requirements so you dont have to. State boards of accountancy have final authority of acceptance for individual courses for cpe credit. Aicpa store provides cpe courses and training, conferences, webcasts, books and tools for cpas, accountants and financial professionals. Understanding the aicpas yellow book independence practice aid. Recognize the requirements found in the 2018 government auditing standards yellow book. Those who were following the yellow book exposure draft should be aware that the proposed requirement to take four hours of gasspecific cpe was not included in the finalized 2018 yellow book. The compliance manager includes cpe tracking and compliance monitoring for every state including puerto rico for cpas, cmas, eas, rtrps, cfps, crtps, cfes, as well as aicpa, and pcaob members. Governmental auditing cpe, webinars and conferences aicpa. The yellow book cpe requirement requires that auditors who perform work in government auditing, the government environment, or the specific or unique environment in which the audited entity operates must complete 24 hours specific to government auditing and the environment.
Do you perform engagements in accordance with generally accepted government auditing standards gagas as presented in the yellow book. Auditors engaged in gagas engagements must comply with the government accountability office gao yellow book continuing education requirements. Aicpa s individual tax workshop provides the latest practical insights from nationally recognized tax experts. Today most cpas and governmental auditors are on the go and cant always wait to take their required yellow book cpe courses to maintain their license. Qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for auditors of government programs. To place an order by phone or for other assistance, please call 18887777077. More information can be found on the gao website or on the oabs yellow book. Cpe requirements mississippi society of certified public. This cpe course provides an excellent baseline of information for accountants to better understand governmental auditing foundations, ethics, general audit standards, financial audit standards, attestation engagement standards, and fieldwork and reporting. The gaos yellow book, government auditing standards, lays down certain cpe requirements. This document provides guidance to auditors and audit organizations in implementing the continuing professional education cpe requirements prescribed by the government auditing standards yellow book issued by the comptroller general of the united states of the government accountability office gao. The examination questions contained in your aicpa selfstudy course manual. Cpe professional development and continuing professional.
Studies on single audit and yellow book deficiencies aicpa. Aicpa provides technical support is is the backbone of setting standards for professional cpas. About leita hartfanta, founder of yellowbookcpe leita hartfanta, cpa, cgfm, cgap has developed curriculum and taught seminars for hundreds of audit teams including walmart, sandia labs, lapd, deloitte, the us veterans administration, the university of texas, and the city of san francisco. The course code can be found on the back cover and the exam title page. An individual who applies for an initial license, holds a virginia individual cpa license, or applies to have their license reinstated is required to obtain continuing professional education, or cpe. Through a case studyintense, highly interactive, classroom environment, this cpe course provides you with the tools necessary to go beyond the theory and create valueadded services for your clients. To place an order by phone or for other assistance, please. Nov 05, 2018 when you complete this webcast, you will be able to. Through a case studyintense, highly interactive, classroom environment, this cpe course. In this section of the auditee resource center, the gaqc is making available to auditees many of the yellow book resources it has provided to auditor members.
Accountant, aicpa membership and yellow book standards as outlined above. Thoroughly understand the requirements of the new yellow book and how they relate to the aicpa and single audit requirements. The 80hour rule every two years the 24hour rule every two years then you must answer. Auditors are exempt from the remainder of the 80hour cpe requirement. If you are a cpa, you can earn free cpe credit by testing the selfstudy course, the yellow book interpreted qualifications and deadlines apply. Auditors performing work under gagas need to complete 80 hours of cpe every two years with a minimum of 20 hours each year. Special attention will be given to chapters, focusing on ethics, recent revisions to independence rules, and cpe requirements. Yellow book tools, practice aids, and other resources. Our offering of accounting cpe selfstudy courses includes courses on the yellow book, which comprises the generally accepted government accounting standards for auditors of government entities and entities that receive government awards. In this course, we will cover the audit requirements that exceed aicpa standards in the gao s yellow. Are you looking for the yellow book cpe requirements. Government auditing standards yellow book practice. This is intended to help auditees better understand what an audit performed under government auditing standards entails and how it differs an audit performed other auditing standards e. Governmental auditing, these learning resources are designed to help cpas understand the knowledge and skills necessary to perform highquality single audits, yellow book audits, and audits of state and local government financial statements.
Yellow book continuing education requirements are governed by the u. It is the intent of the vboa that all cpe meet the requirements of vboa regulations and assist the licensee in becoming a better professional. Professional scholastics is registered with the national association of state boards and accountancy nasba as a sponsor of continuing professional education on the national registry of cpe sponsors. Do you need to enhance your notforprofit accounting skills. Below we will address 1 who is subject to the yellow book cpe requirements and 2 what cpe classes satisfy. Certified and regulated by aicpa and nasba it is our duty to be a reliable and progressive educational resource to cpas nationwide. This course is based on government auditing standards, 2018 revision, which is effective for financial audits of fiscal years ending on or after june 30, 2020. The american institute of certified public accountants comprehensive course. Identify the additional requirements for performing a financial statement audit under government auditing standards. Yellow book financial audits maryland association of.
Yellow book credits if an auditor is interested in yellow book credit, professional judgment must be used when determining and documenting if these sessions qualify for yellow book cpe in accordance with. Governmental auditing, these learning resources are designed to help cpas understand the knowledge and skills necessary to perform highquality single audits, yellow book. Studies on single audit and yellow book deficiencies this course focuses on areas that may need special attention in a single audit. It is essential that all auditors planning and conducting engagements in accordance with the new yellow book understand and be able to discern the requirements related to independence as found in. Recognize the additional reporting requirements for financial audits. Surgent cpe for cpas best online cpe webinars and courses.
Aicpa is the worlds largest member association representing the accounting profession. At least 80 hours of acceptable cpe every two years with a minimum of 20 hours. While the aicpas 2011 yellow book independencenonaudit. In all cases, auditors should use their professional judgement when determining and documenting if a cpe course qualifies for yellow book in accordance with the gao government auditing standards. Is it time for you to know the yellow book really know it.
Presents the guidance found in the 2018 revision of government auditing standards, an excellent baseline of information for accountants to gain an understanding of the new yellow book. Surgent cpe, best quality cpe for cpas for over 30 years live cpe webinars, selfstudy courses and seminars. Let leita be your guide, as she converts the gaos 2018 government auditing standards into plain english and helps you apply its unique standard and guidance to your audit. Aicpa cima competency and learning knowledge check. Yellow book auditing cpe for cpas yellow book courses. Below we will address 1 who is subject to the yellow book cpe requirements and 2 what cpe classes satisfy those requirements.
Recall the concepts and guidance found in the yellow book. Continuing education ce yellow book credits if an auditor is interested in yellow book credit, professional judgment must be used when determining and documenting if these sessions qualify for yellow book cpe in accordance with the government accountability office, government auditing standards, december 2011 revision, and guidance on gagas requirements for continuing professional education. View the 2011 yellow book view the 2018 yellow book. The 2003 revision of the government auditing standards, often referred to as the yellow book or generally accepted government auditing standards. If an auditor is interested in yellow book credit, professional judgment must be used when determining and documenting if these sessions qualify for yellow book. Auditors performing work under gagas, including planning. Aicpa yellow book gagas independence rules comparison this document highlights provisions in the yellow book s independence standards and compares them to the relevant independence provisions of the aicpa code. Government auditing standards yellow book practice aids. Nancy chairs the aicpa technical standards subcommittee of the professional ethics executive committee which has investigated over 400 yellow book ethics. This short course focuses on the requirements of the yellow book that. Yellow book standards for cpas in public practice webinar. Aicpa governmental cpe products fundamentals for performing a single audit under the uniform guidance for federal awards the course includes an overview of requirements, and how gaas and the yellow book apply to the compliance audit. Note the serial number is valid for one year after the course was purchased. Incorporated relevant sections of previous separate cpe guidance document.
Standards, often referred to as the yellow book or generally. Continuing professional education cpe products and training enable you to improve your skills and provide increased value to your clients and employers. What are the requirements for yellow book continuing professional education cpe. Auditors engaged in gagas engagements must comply with the government accountability office gao yellow book. Yellow book cpe requirements a summary cpa hall talk. Aicpa yellow book gagas independence rules comparison this document highlights provisions in the yellow book s independence standards and compares them to the relevant independence provisions of the aicpa code of. Identify the revised requirements and guidance related to independence in the 2018 revision of the yellow book. Increase your knowledge regarding these areas found in single audits and yellow book. One yellow book hour 50 minutes equivalent to a cpe hour. State boards of accountancy have final authority on the acceptance of individual courses for cpe credit. Aicpa cpe requirements include 120 credit hours every three years. Resources include the most uptodate information on the uniform guidance and recent gasb. Aicpa mycpe manager is the newest tool to help you manage your continuing education requirements track, organize and plan your cpe whether you report on one.
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