The Generally Accepted Governmental Auditing Standards, also known as the Yellow Book, provides a comprehensive framework for conducting governmental audits with a focus on high quality, integrity, competence, independence, and objectivity. The Yellow Book is used by auditors of government organizations, entities that receive government awards, and any other audit organization performing Yellow Book audits. The Yellow Book outlines all requirements for governmental audit reports, professional qualifications for auditors, and audit organization quality control.

Learning Objectives

• This course will describe when the Yellow Book standards must be applied.
• This course will identify the requirements for auditor communication.
• Finally, this course will identify the three levels of service as identified by the AICPA.