Government Auditing Standards: The Conceptual Framework Approach to Independence

Author: Diane Edelstein

This two CPE hour course looks at the Yellow Book’s conceptual framework approach to independence, which has moved toward a more principles-based platform, However many rules still apply when considering independence.

Publication Date: August 2019

Topics Covered

• The New 2018 Yellow Book
• Yellow Book —Chapter 3: Ethics, Independence, and Professional Judgement
• Non-Audit Services

Learning Objectives

• Identify the new 2018 Yellow Book regulations
• Recognize and apply Yellow Book Ethics, Independence and Professional Judgement
• Describe Non-audit services
• Differentiate which type of engagements are addressed within Yellow Book
• Describe bias thret
• Identify an example of a type of service that generally would create a threat to independence for audit organizations in government entities
• Identify the steps in applying the Conceptual Framework
• Recognize key changes in the 2018 Yellow Book
• Identify the steps once a threat is identified when applying the Conceptual Framework
• Describe safeguards

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (Governmental) (2 hours)

Program Prerequisites
None

Advance Preparation
None