Assessing Independence Under the New Yellow Book

Overview

Individuals who work in a governmental environment have many rules of ethics that must be followed. The Government Accountability Office (GAO) issues Yellow Book providing rules related to ethics and independence, which received a significant update in 2018. We’ll review some of the key elements of ethics relevant to governmental entities and auditors to prevent independence noncompliance.

Highlights

• Recall safeguards that can be used to reduce threats to an acceptable level
• Identify threats to independence

Prerequisites

None

Designed For

Practitioners in public practice that serve governmental and nonprofit entities

Objectives

• Threats and safeguards
• Independence Rules
• GAGAS

Preparation

None