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- Copies of the 2018 Yellow Book can be purchased online through the Government Publishing Office at GPO Bookstore- Government Auditing Standards- 2018 Revision with 2021 Technical Update or by calling 202-512-1800 or 1-866-512-1800.
www.gao.gov › yellowbook
Copies of the 2018 Yellow Book can be purchased online through the Government Publishing Office at GPO Bookstore- Government Auditing Standards- 2018 Revision with 2021 Technical Update or by calling 202-512-1800 or 1-866-512-1800.
- Supersedes Gao-12-331G
The Yellow Book provides standards and guidance for auditors...
- Yellow Book Update
GAO's 'how-to' book for auditing is known as the Yellow...
- Supersedes Gao-12-331G
People also ask
Where can I get a copy of the 2018 Yellow Book?
How often should I get a Yellow Book CPE?
Does a seminar qualify for Yellow Book?
How hard is it to do a yellow book audit?
Sep 30, 2019 · You can always contact the GAO if you have any questions. Simply write to yellowbook@gao.gov and pose your question about the Yellow Book CPE requirements. But I recommend you review Chapter 4 of the 2018 Yellow Book before you contact them.
Jul 17, 2018 · The Yellow Book provides standards and guidance for auditors and audit organizations, outlining the requirements for audit reports, professional qualifications for auditors, and audit organization quality control.
- Overview
- The 24-Hour Requirement – Who Is subject?
- The 56-Hour Requirement – Who Is subject?
- What Classes Qualify For Yellow Book CPE?
- The 56-Hour Rule – Classes That Qualify
- The 24-Hour Rule – Classes That Qualify
- Two-Year Cycle
- Carryover Credit
Paragraph 4.16 of the Yellow Book states “Auditors who plan, direct, perform engagement procedures for, or report on an engagement conducted in accordance with GAGAS should develop and maintain their professional competence by completing at least 80 hours of CPE in every 2-year period.” Nevertheless, Paragraph 4.26 states “nonsupervisory auditors w...
Who is subject to the 24-hour requirement? If you work on a Yellow Book engagement as an auditor, you are subject to the 24-hour requirement.Even so, if you are a nonsupervisory auditor that works less than forty hours annually on Yellow Book engagements, your audit organization can exempt you from Yellow Book requirements. (See paragraph 4.26 of t...
Who is subject to the 56-hour requirement?Auditors who are involved in: 1. Planning, 2. Directing, or 3. Reporting These are usually partners, managers, and in-charges. Additionally, the 56-hour requirement applies to auditors who are not involved in planning, directing, or reporting but charge 20 percent or more of their annual time to GAGAS engag...
Paragraph 4.21 of the Yellow Book states, “Determining what subjects are appropriate for individual auditors to satisfy the CPE requirements is a matter of professional judgment to be exercised by auditors in consultation with appropriate officials in their audit organization.” Moreover, there are differences in the 56-hour requirement and the 24-h...
The 56-hour rule is broad, encompassing any CPE that enhances the auditor’s professional expertise to conduct engagements. So, CPE classes about better writing, for example, would qualify. Paragraph 4.24 of the Yellow Book provides the following as examples of acceptable topics: 1. Subject matter categories for the 24-hour requirement listed in par...
Each auditor performing work under GAGAS should complete, every two years, at least twenty-four hours of CPE that directly relates to government auditing, the government environment, or the specific or unique environment in which the audited entity operates. Paragraph 4.23 of the Yellow Book provides the following as examples of acceptable topics: ...
An audit organization can adopt a standard two-year period for all of its auditorsto simplify the administration of CPE requirements. But can you carry over excess CPE credit earned in the two-year period?
Auditors are not allowed to carry over hours in excess of the 24-hour or 56-hour ruleto the next reporting period. And what are the Yellow Book CPE requirements for a new employee?
- 12 min
The 2018 Yellow Book can be accessed on the GAO Yellow Book Web page; or you can access the PDF file directly. Paper editions are expected to be available for sale via the Government Publishing Office in Fall 2018. • Printed version will be a larger size book than usual.
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(D06602, January 2014). The 2018 revision should be used until further updates and revisions are made. An electronic version of this document can be accessed on GAO’s Yellow Book web page at http://www.gao.gov/yellowbook.
Search CPE catalog. Auditors performing work under GAGAS need to complete 80 hours of CPE every two years with a minimum of 20 hours each year. The MNCPA offers Yellow Book credit for select seminars and conferences.
