Course ID: CL4EOYB

Yellow Book Financial Audits Under Government Auditing Standards, 2011 Revision

Do you perform financial statement audits in accordance with the Yellow Book? This course is based on the guidance in Government Auditing Standards, 2011 Revision, which is currently effective and used for audits of entities with fiscal years ending on or before May 31, 2020. It provides an excellent baseline of information for accountants in understanding the requirements related to performing a financial audit under Government Auditing Standards, 2011 Revision. It is essential that all auditors planning and conducting financial audits in accordance with generally accepted government auditing standards (GAGAS, GAS, or simply the “Yellow Book”) understand and be able to discern key concepts and standards in executing their responsibilities.

Learning Objectives

  • Recall the concepts and guidance found in Government Auditing Standards, 2011 Revision.
  • Recognize Yellow Book requirements related to continuing professional education, independence, and peer review.
  • Identify the additional requirements for performing a financial statement audit under GAGAS.
  • Recognize the additional reporting requirements for financial audits.

Major Topics

• Foundation and ethical principles of government auditing • Standards for use and application of Generally Accepted Government Auditing Standards (GAGAS) (“Yellow Book”) • General standards • Standards for financial audits • Latest developments

Who Should Attend

Government auditors and public accountants planning or conducting audits in accordance with Generally Accepted Government Auditing Standards (“Yellow Book”)

Fields of Study






CPE Credits




This course is available for your group as:


Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.

Or, contact BLI: 888-481-3500 or
Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now