In this course, we will cover the audit requirements that exceed aicpa standards in the gao s yellow. The 80hour rule every two years the 24hour rule every two years then you must answer. Incorporated relevant sections of previous separate cpe guidance document. Aicpa cpe requirements include 120 credit hours every three years. Is it time for you to know the yellow book really know it. At least 80 hours of acceptable cpe every two years with a minimum of 20 hours. Standards, often referred to as the yellow book or generally. 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. 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. Cpe requirements mississippi society of certified public. 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. Government auditing standards yellow book practice aids. 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. 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.
Do you perform engagements in accordance with generally accepted government auditing standards gagas as presented in the yellow book. Aicpa s individual tax workshop provides the latest practical insights from nationally recognized tax experts. 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. One yellow book hour 50 minutes equivalent to a cpe hour. Recognize the additional reporting requirements for financial audits. Governmental auditing, these learning resources are designed to help cpas understand the knowledge and skills necessary to perform highquality single audits, yellow book. State boards of accountancy have final authority on the acceptance of individual courses for cpe credit. Cpe professional development and continuing professional. Identify the additional requirements for performing a financial statement audit under government auditing standards.
Today most cpas and governmental auditors are on the go and cant always wait to take their required yellow book. 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. 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. The 2003 revision of the government auditing standards, often referred to as the yellow book or generally accepted government auditing standards. Auditors performing work under gagas, including planning. Auditors engaged in gagas engagements must comply with the government accountability office gao yellow book. Aicpa is the worlds largest member association representing the accounting profession. 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. 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. Aug 18, 2017 recall the concepts and guidance found in the yellow book. 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.
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. Dating back to 1887, our organization represents over 400,000 professionals from around the world. Resources include the most uptodate information on the uniform guidance and recent gasb. 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. 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. Cpe catalog alabama society of certified public accountants. 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. Yellow book standards for cpas in public practice webinar. Yellow book tools, practice aids, and other resources.
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. Studies on single audit and yellow book deficiencies this course focuses on areas that may need special attention in a single audit. This event may be a rebroadcast of a live event and the instructor will be available to answer your. Recognize the requirements found in the 2018 government auditing standards yellow book. Qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for auditors of government programs. Continuing professional education cpe products and training enable you to improve your skills and provide increased value to your clients and employers. Are you looking for the yellow book cpe requirements. This short course focuses on the requirements of the yellow book that. Aicpa requires that cpas have continuing education to be a member. The course code can be found on the back cover and the exam title page. The course includes an overview of requirements, and how gaas and the yellow book apply to the compliance audit. Through a case studyintense, highly interactive, classroom environment, this cpe course.
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. Yellow book continuing education requirements are governed by the u. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit. 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. Surgent cpe, best quality cpe for cpas for over 30 years live cpe webinars, selfstudy courses and seminars. Below we will address 1 who is subject to the yellow book cpe requirements and 2 what cpe classes satisfy those requirements. 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 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. 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.
Note the serial number is valid for one year after the course was purchased. 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. 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. Thoroughly understand the requirements of the new yellow book and how they relate to the aicpa and single audit requirements. Auditors engaged in gagas engagements must comply with the government accountability office gao yellow book continuing education requirements. View the 2011 yellow book view the 2018 yellow book. What are the requirements for yellow book continuing professional education cpe. If you are a cpa, you can earn free cpe credit by testing the selfstudy course, the yellow book interpreted qualifications and deadlines apply. Accountant, aicpa membership and yellow book standards as outlined above. Fasb, aicpa, gao, and omb, while providing the kind of. Nov 05, 2018 when you complete this webcast, you will be able to.
Special attention will be given to chapters, focusing on ethics, recent revisions to independence rules, and cpe requirements. Studies on single audit and yellow book deficiencies aicpa. Auditors are exempt from the remainder of the 80hour cpe requirement. While the aicpas 2011 yellow book independencenonaudit services documentation practice aidprovides several examples to help auditors use their judgment on whether the preparation of financial statements creates a significant threat to independence, the 2018 yellow book clearly takes that judgment away from the auditor by stating this type. Aicpa provides technical support is is the backbone of setting standards for professional cpas. Surgent cpe for cpas best online cpe webinars and courses. This short course focuses on the requirements of the yellow book that challenge cpas in public practice including the cpe, independence, and reporting requirements.
Identify the revised requirements and guidance related to independence in the 2018 revision of the 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. The unique serial number can be found on the inside cover of your book. 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. The american institute of certified public accountants comprehensive course. Certified and regulated by aicpa and nasba it is our duty to be a reliable and progressive educational resource to cpas nationwide. While the aicpas 2011 yellow book independencenonaudit. Yellow book auditing cpe for cpas yellow book courses. Many audits covered by the gaqc are performed under government auditing standards also referred to as the yellow book issued by the gao. 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. Aicpa cima competency and learning knowledge check. To place an order by phone or for other assistance, please. Recall the concepts and guidance found in the yellow book. The examination questions contained in your aicpa selfstudy course manual.
More information can be found on the gao website or on the oabs yellow book. Yellow book financial audits maryland association of. Do you need to enhance your notforprofit accounting skills. 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. Yellow book financial audits maryland association of cpas. 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. Get all your yellow book auditing cpe requirements for cpas in one convenient location, right here on.
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 gaos yellow book, government auditing standards, lays down certain cpe requirements. Increase your knowledge regarding these areas found in single audits and yellow book. Yellow book style yb02 cpe credit offers cpa courses and testing materials as well as online courses. Yellow book cpe requirements a summary cpa hall talk. Auditors performing work under gagas need to complete 80 hours of cpe every two years with a minimum of 20 hours each year. State boards of accountancy have final authority of acceptance for individual courses for cpe credit. Our free compliance manager makes it easy to actively monitor your cpe deadlines and mandatory subject requirements so you dont have to. 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. Government auditing standards yellow book practice. Nancy chairs the aicpa technical standards subcommittee of the professional ethics executive committee which has investigated over 400 yellow book ethics. Governmental auditing cpe, webinars and conferences aicpa. The 2018 yellow book revision course not only explains the new standards, it also prepares you to excel in implementing them. Aicpa store provides cpe courses and training, conferences, webcasts, books and tools for cpas, accountants and financial professionals.