Competence and continuing professional educati
Table of Contents
Chapter 1 1-1
Foundation and Principles for the Use and Application of Government Auditing Standards 1-1
What is GAGAS? 1-2
Brief history of Government Auditing Standards 1-3
The 2018 Yellow Book 1-5
Acquiring the Government Auditing Standards publication 1-7
Why is GAGAS important? 1-8
Types of GAGAS users 1-11
Types of GAGAS engagements 1-12
Terms used in this course and in GAGAS 1-16
Chapter 2 2-1
General Requirements for Complying with Government Auditing Standards 2-1
Introduction 2-2
Complying with GAGAS 2-3
Relationship between GAGAS and other professional standards 2-5
Stating auditor compliance with GAGAS in the audit report 2-7
Chapter 3 3-1
Ethics, Independence, and Professional Judgment 3-1
Introduction 3-2
Ethical principles 3-3
Independence 3-6
GAGAS conceptual framework approach to independence 3-8
Providing nonaudit services to audited entities 3-19
Consideration of specific nonaudit services 3-24
Considerations regarding independence — Governments 3-30
Documentation of independence considerations 3-34
Professional judgment 3-35
Chapter 4 4-1
Competence and Continuing Professional Education 4-1
Introduction 4-2
Competence 4-3
Continuing professional education 4-7
Chapter 5 5-1
Quality Control and Peer Review 5-1
Introduction 5-2
Quality control and assurance 5-3
External peer review 5-16
External peer review — Peer review teams 5-21
Chapter 6 6-1
Standards for Financial Audits 6-1
Introduction 6-2
Additional GAGAS requirements for conducting financial audits 6-3
Practice exercise 6-10
Additional GAGAS requirements for reporting on financial audits 6-13
Case study 6-21
Chapter 7 7-1
Standards for Attestation Engagements and Reviews of Financial Statements 7-1
Introduction 7-2
Examination engagements 7-5
Attest review and agreed-upon procedures engagements 7-20
Review of financial statement engagements 7-21
Chapter 8 8-1
Fieldwork Standards for Performance Audits 8-1
Introduction 8-2
Planning 8-4
Conducting the engagement 8-10
Supervision 8-20
Evidence 8-21
Audit documentation 8-24
Chapter 9 9-1
Reporting Standards for Performance Audits 9-1
Reporting on auditors’ compliance with GAGAS 9-3
Report format 9-4
Report content 9-5
Obtaining the views of responsible officials 9-14
Report distribution 9-15
Reporting confidential or sensitive information 9-16
Discovery of insufficient evidence after report release 9-17
Glossary Glossary 1
Index Index 1
Solutions Solutions 1
Chapter 1 Solutions 1
Chapter 2 Solutions 1
Chapter 3 Solutions 2
Chapter 4 Solutions 6
Chapter 5 Solutions 11
Chapter 6 Solutions 12
Chapter 7 Solutions 15
Chapter 8 Solutions 16
Chapter 9 Solutions 17
