Governmental Auditing: Course 1 – Fundamental Principles

Course Information

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Title: Governmental Auditing: Course 1 – Fundamental Principles
Category: Accounting and Auditing
Field of Study: Auditing - Government
Course Code: A021-0425
CPE Credits: 4.0
Price: 34.95

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 control, 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. It is designed to help you navigate the complexities of the standards and prepare you to excel in implementing the new Yellow Book (the 2018 Revision).

Upon completion of this course, you will be able to apply ethical principles, independence standards, the use of professional judgment, the concept of competence, and quality control and peer review requirements to all GAGAS engagements which will produce high quality audits 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:

Learning Objectives

  • Recognize the purpose of GAGAS and how it is applied to different engagements
  • Identify threats to independence
  • Recognize the concept of professional judgment and competence
  • Identify quality control and peer review 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