2024 Revision to Government Auditing Standards Impact

After attending this presentation, you will be able to...

• Identify requirements related to audit reporting when the requirements for reporting on key audit matter apply
• Recall core concepts fundamental to determining and documenting independence
• Recognize supplemental requirements imposed by the 2024 Yellow Book during the performance of a financial statement audit
• Recall significant changes made by the 20248 version of Government Auditing Standards
• Recognize the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards

The major topics that will be covered in this course include:

• Key changes made by the 2024 Revision to Government Auditing Standards
• Review when the GAGAS requirements are applicable to a financial statement audit
  
• When reporting on key audit matters may apply in a GAGAS audit
• Clarifications related to the independence requirements in a financial statement audit imposed by the 2024 Yellow Book
• Review the impact of the Quality Management Standards to a financial statement audit conducted under the 2024 Revision to Government Auditing Standards
• Other important matters contained in the 2024 Government Auditing Standards related to financial statement audits