Course Information

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, and quality management, as well as standards for financial audits, attestation engagements, and reviews of financial statements. GAGAS also covers the requirements for performance audits unique to government auditing.

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, Attestation Engagements, and Reviews of Financial Statements

This course (Course Three) focuses on the additional GAGAS requirements for conducting and reporting financial audits, attestation engagements, and reviews of financial statements. It also contains the AICPA special considerations to provide a basis for good financial audit practices, as well as guidance for attestation engagements and reviews of financial statements, and includes various examples to illustrate the application. Upon completion of this course, you will be able to enhance the capability and skill level by incorporating your AICPA knowledge for financial audits, attestation engagements, and reviews of financial statements with the additional GAGAS requirements.

• Recognize the purpose and applicability of GAGAS
• Identify general requirements for complying with GAGAS
• Identify the level of assurance provided by different types of engagements
• Recognize AICPA special considerations and how to apply them to different engagements
• Recognize the additional GAGAS requirements for financial audits and attestation engagements