Government Auditing Standards Engagements

Free CPA AUD (Auditing & Attestation) lesson in Ethics, Professional Responsibilities and General Principles. 13 min read, ~1,898 words.

Yellow Book = GAO Government Auditing Standards (GAGAS). Applies to government entities and many recipients of federal funds. GAGAS = AICPA standards plus Yellow Book additions. It layers on top, it does not replace AICPA. Yellow Book covers four engagement types: financial audits, attestation engagements, performance audits, and nonaudit services...

What this lesson covers

• Content
• Example 1
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• I.C2

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