Find out what stayed the same and what changed in the 2011 revision to the yellow book. The 2018 yellow books internal control requirements for performance auditors. However, some jurisdictions have additional requirements. We teach the background knowledge sources, provide advice on how to conduct risk assessments, discuss scoping. Click on the jurisdiction name below to see a summary of requirements. Our academy approach contains the relevant information which professionals will need to fulfill the internal control life cycle using the topdown, riskbased approach. This course will identify the new organization and format of the 2018 yellow book. Must be licensed to practice in order to perform governmental audits. All jurisdictions accept courses from registry sponsors to a certain extent. State cpe requirements maine society of certified public. Check out our ataglance schedule for requirements pertaining to new jersey, government accountability office yellow book, and the aicpa.
New york state education department charter school audit. Pennsylvania cpas must earn 80 hours of cpe between jan. Yellow book cpe requirements a recap of the special cpe rules. It is not meant to replace the guidelines set forth by the new york state education department, and is not the final authority in answering questions about the cpe requirements. Below we will address 1 who is subject to the yellow book cpe requirements and 2 what cpe classes satisfy those requirements. The gaos yellow book, government auditing standards, lays down certain cpe requirements. Understanding the changes to yellow book independence february 21, 2019 governmental audit quality center todays speakers nancy miller, cpa kpmg brian schebler, cpa rsm 2 what we will cover 3 independence requirements under the aicpa code of professional conduct and the 2018 edition of government auditing standards the 2018 yellow book. One yellow book hour 50 minutes equivalent to a cpe hour. Enforcement actions juldec 20 enforcement actions janjun 20. Auditors required to take the total 80 hours of cpe should complete at least 20 hours of cpe in each year of the 2. Auditors performing work under gagas, including planning, directing, performing field work, or reporting on an audit or attestation engagement under gagas, should maintain their professional competence through continuing professional education cpe. Yellow book cpe courses from surgent keep you up to date on the latest developments from the u. This course will describe when the yellow book standards must be applied. If there is less than 1 cpe hour of presentation, then no cpe is granted for the activity.
Surgents selfstudy yellow book package cpe for cpas. Cpe in their area of specialization does count to the 24hour requirement. You can see which jurisdictions have these requirements by using the filter feature below. Charles hall has some great reminders on special rules for yellow book engagements at his blog, cpascribo. Auditors performing work under gagas, including planning, directing, performing field work, or reporting on an audit or attestation engagement under gagas, need to maintain their professional competence through continuing professional education cpe. Continuing professional education cpe credit courses for. Governmental accounting and auditing update aicpa store. Licensees who do not work andor volunteer in positions that require a substantial use of accounting, financial, tax or other skills deemed relevant by the vboa may apply for the inactive status. As of 2011, the gagas continuing professional education requirements have not changed since this document was issued. 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. The yellow book is florida institute of cpas cpa cpe.
You could just stay up for one whole day and take care of it. 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. Thats why the 20 ficpa state and local government accounting conference is a must for cpas working in or with government. Auditors use the green book to evaluate internal controls and managers of government programs use the green book to create controls.
Gao has posted an alert that provides more information on the various flexibilities to help auditors meet their cpe requirements. Excerpt from cpe committee of january 8, 20 committee discussion. Government auditing standards yellow book practice aids and. You need 80 hours of classes enhancing your professional proficiency and 24 hour related to the specialized areas of your clients.
While the expanded cpe recognition qualifies for illinois state licensure, it does not qualify for the 24 or 80hour cpe requirements of government auditing standards i. Government auditing is essential in delivering an objective and independent view of. Gain a working knowledge of the latest yellow book standards from a to z. Yellow book cpe requirements a summary cpa hall talk. At least 80 hours of acceptable cpe every two years with a minimum of 20 hours each year. One of the areas that received particular attention was related to cpe for audit specialists. Guidance incorporated abuse as a requirement back in 20. It outlines the requirements for audit reports, professional qualifications for auditors, and audit organization quality control.
Government auditing standards yellow book practice aids. The cpe is expected to last two hours in the morning. All documents are in adobe pdf format unless noted otherwise. Pages responses to regulators and oversight bodies iia global. Different certifications have different requirements. Recall key points related to the latest developments in omb and yellow book requirements. Get a detailed yellow book refresher, listen to an update from the office of the auditor general, learn how to approach accounting rule changes and sharpen your perception with an update on fraud awareness and detection. Auditors performing work under the gaos government auditing standards are required to complete, every two years, 24 hours of cpe in subjects directly related to government auditing, the government environment, or the specific or. Resources include the most uptodate information on the uniform guidance and recent. Friday, november 1, 20 this new course will meet the requirements for the florida state board of accountancy by covering the florida rules and regulations and current issues related to the florida environment. This cpe event focuses on the skills need by professionals working on coso 20 compliance programs our academy approach contains the relevant information which professionals will need to fulfill the internal control life cycle using the topdown, riskbased approach.
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. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit. Single audit and yellow book deficiencies does not appear to meet the requirements of the minimum of 4 cpe hours under audits of state and local governments. Truly understand the relationship of government auditing standards a. For example, you hire someone on may 1, 20 and your twoyear cycle ends december 31, 20. Risk management and internal control focused cpe training. The gao does not want auditors claiming that they performed an audit according to standards if they havent met yellow book cpe. Cpas familiar with the 2011 version of the yellow book will notice a stark contrast in the format of the 2018 version. About the yellow book the yellow book is used by auditors of government entities, entities that receive government awards, and other audit organizations performing yellow book audits. Continuing professional education minimum of 24 hours of cpe every 2 years government specific or unique environment auditing standards and applicable accounting principles additional 56 hours of cpe for auditors involved in planning, directing, or reporting on gagas assignments.
Surgents yellow book cpe package lets you fulfill your 24hour yellow book requirement for one low price. Are you looking for the yellow book cpe requirements. Consult the yellow book for reporting requirements. It is not transferable nor can it be shared with other students. In terms of yellow book cpe, many of the proposed changes in this area were. Risk management activities are the key process to determine the requirement of. Bringing into focus the new clarified auditing standards, qualifies for yellow book cpe it is not relevant to municipal auditing. Understanding the changes to yellow book independence. Fulfill your 24hour yellow book requirement for one low price with surgents selfstudy yellow book package.
Earn a minimum of 20 hours annually, 80 hours biannually with 24 hours in governmental subjects for certain staff members. Continuing professional education cpe programs general personal development, such as resume writing, improving parentchild relations, personal investments and money management, and retirement planning do not qualify for yellow book cpe. Revised for the december 28, 20 changes to single audit requirements. The yellow book standards related to the qualifications of the auditor i. Yellow book continuing education requirements are governed by the u.
The information below is meant to serve as an easy reference guide for some of the commonly asked questions regarding continuing education requirements in new york state. Why are my auditors doing a yellow book and single audit. Independence as per yellow book, and rule 101 independence. The eight cpe hours claimed for this course should be deleted from the total submitted hours on the application. The 2011 revision of government auditing standards is effective for financial audits and attestation engagements for periods ending on or after december 15, 2012, and for performance audits beginning on or after december 15, 2011. A complete guide to yellow book why, what, and how this course describes the requirements created by the government auditing standards, known as the yellow book. The requirements of the 2003 yellow book became effective for financial audits and attestation engagements of periods ending on or after jan. This cpe event focuses on the skills need by professionals working on coso 20 compliance programs.
Auditors engaged in gagas engagements must comply with the government accountability office gao yellow book continuing education requirements. What are the requirements for yellow book continuing professional education cpe. As such, auditors need to consider this change when considering compliance with the yellow book cpe requirements beginning in 2004. Limits for other personal development activities are not specifically addressed in the gaos guidance on.
Cpe requirements may be adjusted depending upon when a virginia cpa begins or ceases to provide services to the public or to or on behalf of an employer. Finally, this course will recognize the five areas that changed in the 2018 yellow book from the 2011 yellow book. In this course, we will cover the audit requirements that exceed aicpa standards in the gao s yellow b. Yellow book selfstudy cpe yellow book cpe yellow book. Coso compliance academy woodland hills, ca yellow book. Access to all courses expires one year from the purchase date. This document provides guidance to auditors and audit organizations in implementing the continuing professional education requirements prescribed by the 2003 revision of government auditing standards. Therefore, each auditor performing work under gagas. The yellow book cpe requirement is 24 hours of cpe every two years.