The vscpa is committed to providing its members with uptodate information on continuing professional education cpe requirements. Auditors performing work under gagas, including planning, directing, performing field work, or reporting on an audit or attestation engagement under gagas, should maintain their professional competence through continuing professional education cpe. Below we will address 1 who is subject to the yellow book cpe requirements and 2 what cpe classes satisfy those requirements. Cpe requirements virginia society of certified public. A new look and additional chapters help the reader of the yellow book understand the key requirements. Sep 30, 2019 one of the toughest aspects of doing a yellow book audit is complying with the yellow book cpe requirements. This free cpe webinar on government auditing standards is an excellent baseline of information for accountants to gain an understanding of the new yellow book. Our governmental cpe courses are written by nationally known authors and prepared in accordance with nasba standards for formal selfstudy education along with various state boards of accountancy. Becker cpe courses are designed to ensure todays accounting professionals are always intheknow. For more information on yellow book requirements, please go to gao. What are the requirements for yellow book continuing professional education cpe.
As of 2011, the gagas continuing professional education requirements have not changed since this document was issued. American institute of cpas aicpa aicpa requires that cpas have continuing education to be a member. The 80hour rule every two years the 24hour rule every two years then you must answer. No more than 20 hours cpe credit for personal development courses or classes may be claimed in a cpe compliance year. State cpe requirements maine society of certified public. Click on the jurisdiction name below to see a summary of requirements. Independence standards will start july 1 for the june 30th year ends. Understanding the aicpas yellow book independence practice. Cpe requirements the new york state society of cpas. Learning objectives to understand the new generally accepted government auditing standards gagas update and become familiar with its ethical principles. Auditors performing work under gagas, including planning. You can see which jurisdictions have these requirements by using the filter feature below.
In this seminar, we will cover the essentials that you need to know to perform an audit of federal grants including the single audit. Standards, often referred to as the yellow book or generally. It outlines the requirements for audit reports, professional qualifications for auditors, and audit organization quality control. Participants in this gaqc archived web event will learn about the thought process needed when considering the performance of nonaudit services under the 2011 yellow book, as well as how you can prepare documentation to meet the requirements of the new yellow book, including assessing and documenting whether management has appropriate skills, knowledge, or. The chart and information below covers general cpe requirement questions. And the requirements are a little bit involved so involved that the gao dedicated 17 pages. The new 2018 yellow book is effective for years ending june 30, 2020.
When submitting your renewal as an active license holder, you will be attesting that you have met the following cpe requirements. Governmental auditing, these learning resources are designed to help cpas understand the knowledge and skills necessary to perform highquality single audits, yellow book audits, and audits of state and local government financial statements. All jurisdictions accept courses from registry sponsors to a certain extent. Our governmental cpe courses are written by nationally known authors and cover a wide range of governmental topics. Qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for auditors of government programs. If there is less than 1 cpe hour of presentation, then no cpe is granted for the activity. Let leita be your guide, as she converts the gaos 2018 government auditing standards into plain english and helps you apply its unique standard and guidance to your audit. Government auditing standards yellow book practice aids. A minimum of 120 total hours of instruction during the three year reporting period. One of the toughest aspects of doing a yellow book audit is complying with the yellow book cpe requirements. The gaos yellow book, government auditing standards, lays down certain cpe requirements. Apr 01, 2005 this document provides guidance to auditors and audit organizations in implementing the continuing professional education requirements prescribed by the 2003 revision of government auditing standards. Cpe requirements mississippi society of certified public.
What you need to know to audit government programs cpe. Surgents yellow book cpe package lets you fulfill your 24hour yellow book requirement for one low price. Continuing professional education cpe programs general personal development, such as resume writing, improving parentchild relations, personal investments and money management, and retirement planning do not qualify for yellow book cpe. Recognize the requirements found in the 2018 government auditing standards yellow book. Qualifies for yellow book cpe credit audits of governmental programs require special knowledge of federal requirements and criteria including the uniform guidance and the gaos yellow and green books. Auditors performing work under gagas, including planning, directing, performing field work, or reporting on an audit or attestation engagement under gagas, need to maintain their professional competence through. This short course focuses on the requirements of the yellow book that challenge cpas in public practice including the cpe, independence, and reporting requirements. Cpe dealing with governmental accounting standards gasb pronouncements will qualify for the. Get all your yellow book auditing cpe requirements for cpas in one convenient location, right here on. This information has been provided as a courtesy only. There is no formal preapproval process for the mncpa or any other sponsor to.
Limits for other personal development activities are not specifically addressed in the gaos guidance on. The rules state that auditors who plan, direct, perform, and report on an engagement in accordance with gas should develop their competency by. Therefore, each auditor performing work under gagas should. Participants in this gaqc archived web event will learn about the thought process needed when considering the performance of nonaudit services under the 2011 yellow book, as well as how you can prepare documentation to meet the requirements of the new yellow book, including assessing and documenting whether management has appropriate skills, knowledge, or experience ske to oversee a nonaudit. Government auditing standards yellow book practice aids and. Yellow book credits if an auditor is interested in yellow book credit, professional judgment must be used when determining and documenting if these sessions qualify for yellow book cpe in accordance with the government accountability office, government auditing standards, december 2011 revision, and guidance on gagas requirements for continuing. Weve also developed faqs on the virginia board of accountancy vboa regulations, including the twohour annual ethics course requirement for all virginia cpas. Let leita be your guide, as she converts the gaos 2018 government auditing standards into plain english and helps you apply its unique. We offer our governmental cpe courses in either live webinar, ondemand webcast or selfstudy format. The mncpa offers yellow book credit for select seminars and conferences.
Must be licensed to practice in order to perform governmental audits. However, some jurisdictions have additional requirements. Yellow book cpe requirements are outlined by the government accountability office gao, specifically in the gaos guidance on gagas requirements for continuing professional education. One yellow book hour 50 minutes equivalent to a cpe hour. Today most cpas and governmental auditors are on the go and cant always wait to take their required yellow book cpe courses to maintain their license. Western cpe courses, certified by multiple accreditation and professional organizations are designed to meet your education needs and your cpe requirements. This document provides guidance to auditors and audit organizations in implementing the continuing professional education cpe requirements prescribed by the government auditing standards yellow book issued by the comptroller general of the united states of the government accountability office gao. Resources include the most uptodate information on the uniform. This event may be a rebroadcast of a live event and the instructor will be. The cpe they earn to help them keep up with individual and corporate taxation rules and estate laws is probably not going to count toward the.
Identify the revised requirements and guidance related to independence in the 2018 revision of the yellow book. An excellent baseline of information for accountants planning or conducting engagements in accordance with generally accepted government auditing standards yellow. Yellow book continuing education requirements are governed by the u. Mandatory cpe requirements new jersey society of cpas. The yellow book is used by auditors of government entities, entities that receive government awards, and other audit organizations performing yellow book audits. State boards of accountancy have final authority on the acceptance of individual courses for cpe credit.
This short webinar focuses on the requirements of the yellow book that challenge government performance auditors including the internal control, cpe, independence, and reporting requirements. Auditors performing work under the gaos government auditing standards are required to complete, every two years, 24 hours of cpe in subjects directly related to government auditing, the government environment, or the specific or. This short course focuses on the requirements of the yellow book that challenge government performance auditors including the cpe, independence, and reporting requirements. Credits granted for pes courses are based on the aicpa and nasba national association of state boards of accountancy statement of standards which grant 1 cpe credit for every 50minutes of study time. Yellow book standards for performance auditors cpe 02. Government accounting office gao with an array of accounting cpe selfstudy courses that cover the topic from every angle. This event may be a rebroadcast of a live event and the instructor will be available to answer your. There are changes to nonaudit services you need to understand. Qualifies for yellow book cpe credit the gaos yellow book standards set a high bar for government performance auditors.
Cpe requirements for the yellow book the gaos yellow book, government auditing standards, lays down certain cpe requirements. Qualifies for yellow book cpe credit the 2018 revision is full of changes for performance auditors. There is no formal preapproval process for the mncpa or any other sponsor to qualify a course for yellow book credit. Fulfill your 24hour yellow book requirement for one low price with surgents selfstudy yellow book package. Earn a minimum of 20 hours annually, 80 hours biannually with 24 hours in governmental subjects for certain staff members. Course online, course textbook yellow book requirements foundational. Cpe requirements may be adjusted depending upon when a virginia cpa begins or ceases to provide services to the public or to or on behalf of an employer. Cpe stands for continuing professional education, by the way. This document provides guidance to auditors and audit organizations in implementing the continuing professional education requirements prescribed by the 2003 revision of government auditing standards. While the expanded cpe recognition qualifies for illinois state licensure, it does not qualify for the 24 or 80hour cpe requirements of government auditing standards i. Auditors performing work under gagas need to complete 80 hours of cpe every two. Auditors performing work under gagas, including those planning, directing or performing field work, or those reporting on an audit or attestation. In this course, we will cover the audit requirements that exceed aicpa standards in.
California board of accountancy a licensee shall be required, as a. Resources include the most uptodate information on the uniform guidance and recent gasb. Through a case studyintense, highly interactive, classroom environment, this cpe course provides you with the tools necessary to go beyond the theory and create valueadded services for. Are you looking for the yellow book cpe requirements. To simplify administration of the cpe requirements, an audit organization may establish a standard twoyear period for all its auditors, which can be on either a fixedyear or rollingyear basis. Yellow book cpe requirements wolters kluwer cpe link. Yellow book cpe courses from surgent keep you up to date on the latest developments from the u. Each auditor performing work under gagas should complete every two years at least 80 hours of cpe that directly enhance the auditors professional proficiency to perform audits andor attestation engagements. However, beginning on january 1, 2020, new licensed cpas will be subject to the same cpe requirements as other cpas. Cpe classes and webinars cpe course on demand becker. Yellow book cpe requirements a summary cpa hall talk. Yellow book selfstudy cpe yellow book cpe yellow book. Yellow book auditing cpe for cpas yellow book courses.