And the requirements are a little bit involved so involved that the gao dedicated 17 pages. Government auditing standards yellow book practice aids. The yellow book is used by auditors of government entities, entities that receive government awards, and other audit organizations performing yellow book audits. The revised version has been reorganized and realigned with the aim of making it easier for professionals to find relevant rules when performing research. The cpe requirements apply to external auditors and internal auditors, both. The genesis of the cpe requirements stems from auditing history and experience as much as anything. Identify the revised requirements and guidance related to independence in the 2018 revision of the yellow book. 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. Yellow book continuing education requirements are governed by the u.
Yellow book cpe requirements a summary cpa hall talk. The 2018 yellow book provides slight relief from the cpe. Auditors performing work under gagas, including planning. Government auditing standards yellow book practice aids and. The gao does not want auditors claiming that they performed an audit according to standards if they havent met yellow book cpe. Recognize the requirements found in the 2018 government auditing standards yellow book. Most internal auditors would classify all of their audit work as a performance audit under the yellow book s definition. Auditors required to take the total 80 hours of cpe should complete at least 20 hours of cpe in each year of the 2year periods. One of the toughest aspects of doing a yellow book audit is complying with the yellow book cpe requirements. You need 80 hours of classes enhancing your professional proficiency and 24 hour related to the specialized areas of your clients. Standards, often referred to as the yellow book or. Yellow book cpe requirements a recap of the special cpe rules. The gaos yellow book, government auditing standards, lays down certain cpe requirements.