Because even though technically the new yellow book is not yet effective, if you are performing a calendar yearend audit under the 2011 yellow book, and also considering performance of nonaudit services, you need to be in compliance with the new independence requirements at the beginning of the audit periodthat is, january 1, 2012. The yellow book compliance report is designed as a 2year cpe period. One yellow book hour 50 minutes equivalent to a cpe hour. Our offering of accounting cpe selfstudy courses includes courses on the yellow book, which comprises the generally accepted government accounting standards for auditors of government entities and entities that receive government awards. The yellow book cpe requirement is 24 hours of cpe every two years. 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. The aicpa offers continuing professional education, conferences and web events to help you enhance your knowledge, understanding and competencies relating to governmental auditing and accounting. 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. 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. We can customize a course for you or you can join us at a public seminar. Subject matter directly related to government, government auditing, or specific, unique operating environment of entity. Recall the requirements regarding cpe, professional judgment, quality.
It is not transferable nor can it be shared with other students. Select your desired course from our available webinars, self study ebooks, videos, or public seminars. The cpe requirements set forth the minimum number of hours of cpe that auditors, whether employed full or parttime by an audit organization or selfemployed, must complete. Government auditing standards yellow book practice aids. Those who were following the yellow book exposure draft should be aware that the proposed requirement to take four hours of gasspecific cpe was not included in the finalized 2018 yellow book. Identify the revised requirements and guidance related to independence in the 2018 revision of the yellow book. Yellow book continuing education requirements are governed by the u. The 80hour rule every two years the 24hour rule every two years then you must answer. The 2018 yellow book retains the same cpe hour requirement as the 2011 yellow book.
Yellow book cpe requirements a summary cpa hall talk. The courses below will introduce the yellow book and allow you to understand concepts relating to government frauds. Surgent cpe, best quality cpe for cpas for over 30 years live cpe webinars, selfstudy courses and seminars. What are the requirements for yellow book continuing professional education cpe. Yellow book selfstudy cpe yellow book cpe accounting cpe. Fun to read and insightful, done at your pace whenever you have a minute or two. Cpe requirements mississippi society of certified public. Our offering of accounting selfstudy cpe courses includes individual selfstudy courses on the yellow book, which comprises the generally accepted government accounting standards for auditors of government entities and entities that receive government awards. These arent your average, boring instructional videos. Today most cpas and governmental auditors are on the go and cant always wait to take their required yellow book cpe courses to maintain their license. The 2018 yellow book can be accessed on the gao yellow book web page.
Below we will address 1 who is subject to the yellow book cpe requirements and 2 what cpe classes satisfy those requirements. Whatever time you choose to start counting your hours, you simply stick with that timing year after year. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit. Auditors of federal, state, and local government programs use these standards to perform their audits and produce their reports. At least 24 of the 80 hours should be in subjects directly. Governmental auditing cpe, webinars and conferences aicpa. However, some jurisdictions have additional requirements. Subject matter that enhances professional expertise to. Interpretation of continuing education and training. Please select a location below to find local business information in your area. All jurisdictions accept courses from registry sponsors to a certain extent. Governmental auditing self study, newsletters, and updates are you tired of the standard setters and big accounting firms doing their best to turn simple concepts into a complex, legalistic mess.
You can see which jurisdictions have these requirements by using the filter feature below. Auditors engaged in gagas engagements must comply with the government accountability office gao yellow book continuing education requirements. Surgents selfstudy yellow book package cpe for cpas. View the 2011 yellow book view the 2018 yellow book. Auditors who work on yellow book audits must meet the sohour cpe requirement. This document provides guidance to auditors and audit organizations in implementing the continuing professional education cpe requirements prescribed by the government auditing standards yellow book issued by the comptroller general of the united states of. Let leita be your guide, as she converts the gaos 2018 government auditing standards into plain english and helps you apply its unique standard and guidance to your audit. State boards of accountancy have final authority on the acceptance of individual courses for cpe credit. Access to all courses expires one year from the purchase date.
Each auditor performing work under gagas should complete every two years at least 80 hours of cpe that directly enhance the auditors professional proficiency to perform audits andor attestation engagements. Audit organizations may also give auditors who have not completed the 20 hours of cpe in a 1year period up to 2 months immediately following the 1year period to make up the deficiency. California board of accountancy a licensee shall be required, as a condition of active status license renewal, to. April 2005 government auditing standards guidance on gagas requirements for continuing professional education. 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. Recognize the requirements found in the 2018 government auditing standards yellow book. As of 2011, the gagas continuing professional education requirements have not changed since this document was issued. At least 80 hours of acceptable cpe every two years with a minimum of 20 hours. At least 80 hours of acceptable cpe every two years with a minimum of 20 hours each year.
Gao has added application guidance that emphasizes the need to obtain gagasspecific cpe, particularly during years in which there are revisions to the standards, to assist auditors in maintaining the competence necessary to conduct gagas engagements. Yellow book auditing cpe for cpas yellow book courses. The yellow book cpe requirement requires that auditors who perform work in government auditing, the government environment, or the specific or unique environment in which the audited entity operates must complete 24 hours specific to government auditing and the environment. You could just stay up for one whole day and take care of it. Cpe hours subject matter categories of cpe 24 hours. Read more the four principles of happy cash flow yellow book cpe. Fulfill your 24hour yellow book requirement for one low price with surgents selfstudy yellow book package. 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. Get all your yellow book auditing cpe requirements for cpas in one convenient location, right here on. Cpe requirements about our programs education foundation programs are developed to comply with the statement on standards for continuing professional education cpe programs jointly issued by the national association of state boards of accountancy nasba and the aicpa. Auditors hired or initially assigned to yellow book assignments after the beginning of the audit organizations 2year cpe period should complete a prorated number of cpe hours see gaos guidance on gagas requirements for continuing professional education. The gaos green book video course includes an online video and self study e book for 2 hours of cpe credit the gao green book sets standards for internal controls that align with the most popular control model in the united states, the coso model. The course includes an overview of requirements, and how gaas and the yellow book apply to the compliance. Is it time for you to know the yellow book really know it.