Course Information
Governmental Auditing: Course 1 – Fundamental Principles
Course Information
| Title: | Governmental Auditing: Course 1 – Fundamental Principles |
|---|---|
| Category: | Accounting and Auditing |
| Field of Study: | Auditing - Government |
| Course Code: | M166 |
| CPE Credits: | 5.0 |
| Price: | 43.95 |
Description
Description:
Generally accepted government auditing standards (GAGAS) provide a framework for conducting high-quality audits with competence, integrity, objectivity, and independence. GAGAS contains standards for audits and requirements and guidance dealing with ethics, independence, auditors’ professional judgment and competence, quality management, performance of the audit, and reporting.
The Governmental Auditing series of courses are separated into three categories:
Course One Fundamental Principles for Government Auditing
Course Two Performance Audits
Course Three Financial Audits and Attestation Engagements
This course (Course One) focuses on the use and application of GAGAS and the principles that establish a foundation for the credibility of auditors’ work. This course also examines the changes set forth by the 2024 revision to GAGAS, which will eventually replace the current version (the 2018 Yellow Book). It is designed to help you navigate the complexities of the standards and prepare you to excel in implementing the 2024 Yellow Book.
Upon completion of this course, you will be able to apply ethical principles, independence standards, the use of professional judgment, competence, quality management, and peer review requirements to all GAGAS engagements that help improve government programs and operations.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Accounting and Auditing
Field of Study: Auditing - Government
Passing Score: 70%
Technical Details: Govt Auditing: Technical
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Objectives
Objectives:
- Recognize the applicability of GAGAS
- Recognize auditors’ ethical responsibilities
- Identify threats to independence
- Recognize activities that impair independence
- Identify competence and quality management requirements
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: No IRS credit for Enrolled Agents.
Profession Identifiers: CPA