NASACT Webinar: GAO Yellow and Green Books: Changes You Need to Know
NASACT is pleased to announce the latest in its series of training events addressing timely issues in government accounting, auditing, and financial management.
On February 1, 2024, the U.S. Government Accountability Office (GAO) issued the final revisions to Government Auditing Standards, better known as the Yellow Book. The 2024 Yellow Book requires an audit organization to design and implement a system of quality management that incorporates a risk assessment process to identify, evaluate, and mitigate risks to audit quality. This webinar will highlight significant new elements in the revised Yellow Book and discuss certain considerations for an audit organization as it transitions from a system of quality control to a system of quality management.
GAO is also working on revising the Standards for Internal Control in the Federal Government, better known as the Green Book, issued by the Comptroller General. The Green Book provides an overall framework for establishing and maintaining an effective internal control system for federal agencies. The Green Book may also be adopted by state, local, and quasi-governmental entities. This session will provide essential information on the upcoming revisions to the Green Book.
- Date: 04/17/2024
- Time: 11 a.m. – 12:15 p.m. (local time)
- CPE: 1.5 credits
At the end of this webinar, attendees should be able to:
- Identify changes contained in the 2024 Yellow Book, including the transition from a system of quality control to a system of quality management.
- Understand how the design of a system of quality management should incorporate a risk assessment process.
- Apply the risk assessment process to identify, evaluate, and mitigate risks to audit quality.
- Recognize major changes to the standards for internal control that are being contemplated in GAO’s Green Book.
Field of Study
- Auditing (Governmental)
Space is limited. Register by 04/14/2024.
- Visit the State of Arizona Human Resources Portals webpage.
- Click Login under the “Online Learning Portal”. This will launch the TraCorp Learning Platform.
- If the user has not logged in to the new learning management site before, the user will need to use the employee identification number (EIN) and the initial password of “NewUser1” on the first login. Once in, the user must change the password before proceeding.
- Once logged in to TraCorp, Click Assigned Content.
- For those who have a full access (FA) or limited access (LA) TraCorp account, click on My Student before launching content.
- In the search field to the left, enter "GAO Hosted Webinar”.
- Under the upcoming session, click Register for the April 17, 2024 session.
- The user will receive a confirmation email with access instructions.