This course will be an overview of:

• Scope and nature of government auditing standards (the Yellow Book), including general standards, independence, and competence
• Requirements for performing a financial statement audit and preparing related reports and communications in accordance with generally accepted auditing standards and the Yellow Book
• Requirements associated with Uniform Guidance for Federal Awards, including performing a financial statement audit and preparing related reports and communications in accordance with the Single Audit Act
• Highlighted changes to the Office of Management and Budget's Compliance Supplement
• Implications and status of the GREAT Act