Thompson Grants a division of CBIS

NEW GAO REVISIONS TO THE GOVERNMENT AUDITING STANDARDS (GAGAS):
UNDERSTANDING THE YELLOW BOOK EXPOSURE DRAFT

Tuesday, June 13, 2017 • 1:00 pm ET/12:00 pm CT/11:00 am MT/10:00 am PT


Webinar Details

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

This webinar has been rescheduled from May 31st, 2017 to June 13th, 2017

The GAO has just issued an exposure draft of the 2017 to the Government Auditing Standards (GAGAS) that would make important changes in how Yellow Book audits are conducted.

Exactly what requirements are being revised? Is there new guidance on how auditors should use professional guidance, handle ethics or perform audits? What impact will the proposed changes have on government entities and non-federal entities?

Getting the answers now is critical, especially if you want to submit comments. Now, a new webinar does that research for you!

Register now for New GAO Revisions to the Government Auditing Standards (GAGAS): Understanding the Yellow Book Exposure Draft.

This 90-minute webinar provides a thorough, up-to-date look at proposed changes to the Yellow Book. Troy Rector, a specialist in performing audits of non-federal entities receiving federal funds, explains how the exposure draft would—and wouldn’t—affect current requirements and guidance dealing with ethics, independence, auditors’ professional judgement and competence, quality control, performance of the audit and reporting.

Understanding the new framework. You’ll examine the proposed changes to Yellow Book audits, and explore how the revision would change specific Single Audit practices. You’ll benefit from a clear view of what auditors would do differently, and the impact those new practices could have on federal funding agencies and non-federal entities receiving those funds.  Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now for timely guidance on GAGAS and the changes now being proposed, including:

  • A deeper understanding of the current Government Auditing Standards
  • An overview of the proposed changes
  • The potential impact on audit practices, independent auditors and the organizations to whom they provide services

Remember, this is the first revision to the Yellow Book since 2011. Don’t miss this opportunity to get the background you need to evaluate the proposed changes—especially if you plan to submit a comment letter. 

Register now for New GAO Revisions to the Government Auditing Standards (GAGAS): Understanding the Yellow Book Exposure Draft.

Who Will Benefit

This webinar is of value to all non-federal entities and auditors performing Single Audits. Attendees who will benefit most include:

  • Chief financial officers
  • Controllers and other finance staff
  • Grants administrators and other grant staff
  • Independent auditors

Troy Rector

Troy Rector is a principal in the Not-For-Profit and Governmental Services Group at Clark Nuber and has spent his career serving Not-For-Profit and Governmental organizations. He specializes in performing audits of social service, healthcare, low income housing and other organizations receiving federal assistance. He serves on the firm's Technical Issues Committee and leads their Single Audit practice and federal grant compliance training and consulting. Troy serves on the WSCPA Not-For-Profit Conference Planning Committee and is the board chair of a local not-for profit organization. Troy holds a bachelor’s degree in business administration-accounting concentration from Indiana University.

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