Get GAO -12-139R Fiscal Year 2011 Agreed-Upon Procedures For ... - Gao

CPE Requirements for the Yellow Book Therefore, each auditor performing work under GAGAS should complete, every two years, at least 80 hours of CPE that directly enhance the auditor's professional proficiency to perform audits and/or attestation engagements.

The Generally Accepted Government Auditing Standards Framework for Independence identifies an inappropriate influence on auditor judgment or behavior caused by a financial or other interest as a: Self-interest threat.

In short, GAGAS are the standards that ensure that audit reports are unbiased and can be trusted to be truthful and accurate. It means that OIG audits conform to audit standards accepted by governments around the country.

Answer and Explanation: The correct answer is b. Measures of the quality of the auditor's performance. The auditing standards are applied to ensure that the audit performed is of good quality and reliable.

Auditors of government entities and entities that receive government awards use our Government Auditing Standards, commonly referred to as generally accepted government auditing standards (GAGAS) or the Yellow Book, to perform their audits and produce their reports.

Auditors should apply the conceptual framework at the audit organization, audit, and individual auditor levels to 1) identify threats to independence; 2) evaluate the significant of the threats; and 3) apply safeguards as necessary6.

Generally accepted auditing standards or GAAS are the minimum standards certified public accountants (CPAs) must follow when they perform audits. Auditing standards have evolved over the last four decades to ensure consistency and uniformity in the performance of audits.

Generally accepted auditing standards or GAAS are the minimum standards certified public accountants (CPAs) must follow when they perform audits. Auditing standards have evolved over the last four decades to ensure consistency and uniformity in the performance of audits.