| Dear Center Members: |
| This GAQC Alert provides the registration information for an upcoming Governmental Audit Quality Center (GAQC) Web event, Understanding the Changes to Yellow Book Independence, to be held on Thursday, February 21, 2019, from 1:00 PM – 3:00 PM (Eastern Time). The most significant changes made by GAO in the 2018 edition of Government Auditing Standards (or the Yellow Book) relate to the independence standards, especially as it relates to the performance of nonaudit services including financial statement preparation. Now is the time to gain a strong handle on these changes and to understand why you need to be ready to adopt them as soon as this July. |
|
|
Registration Information
This GAQC Web event will cover the following:
- Key independence rule changes;
- An overview of the 2018 Yellow Book independence conceptual framework and related documentation requirements changes;
- An understanding of how the 2018 Yellow Book's independence rules compare to the AICPA's rules; and
- Resources for implementing the 2018 Yellow Book.
Remember that the effective date of the 2018 Yellow Book's financial audit, attestation and review engagement standards is for periods ending on or after June 30, 2020. However, auditors who provide nonaudit services need to be independent for the entire audit period and will need to consider the updated auditor independence requirements prior to this effective date. For example, an auditor performing a June 30, 2020, financial statement audit under Government Auditing Standards will need to comply with the new independence requirements at the beginning of the audit period, July 1, 2019.
The presenters for this event are: Nancy Miller, CPA, KPMG, and Brian Schebler, CPA, RSM.
GAQC Member Registration: GAQC members can register now using the continuing professional education (CPE) or no-CPE options.
To ensure you receive CPE for this Web event, please complete your online registration by noon on Thursday, February 21st. If you are interested in registering a group, the above Web event registration page provides you with "how to" and pricing information. A "Webcast Group Viewing" document also provides additional instructions.* * * * *
Sincerely,
AICPA Governmental Audit Quality Center |
|
 |
|
| In This Alert |
|
|
| Last Chance! |
| The GAQC Web event, Navigating Indirect Costs in Your Single Audit, will be held on Thursday, January 17, 2019, from 1:00 PM – 3:00 PM (Eastern Time). Access registration information. |
|
| Archived Event Available |
| The archive of the GAQC Web event, Tackling Internal Control Over Compliance in a Single Audit, is now available. Access archived event. |
|
| Additional Resources |
|
|
| Stay Informed |
We welcome any suggestions or questions - please send them by e-mail at GAQC@aicpa.org.
Members of the Governmental Audit Quality Center (GAQC) may only reproduce and distribute GAQC Alerts internally within the firm or state audit organization (SAO) to other Center member firm/SAO personnel as part of the organizations' professional services. For information about permission to copy any part of these documents for redistribution or inclusion in other work, please click on the copyright notice below or phone the copyright permission hotline (919) 402-4031.
©2018 Association of International Certified Professional Accountants.
Online privacy policies and copyright information |
|
|
|
