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Yellow Book Update

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Date(s): Jul 12, 2018
Time: 8:30AM - 5:00PM
Registration Fee: $249.00
Cancellation Date: Jul 05, 2018
City: Austin

Course Description

The 2017 version of GAGAS alters requirements for continuing professional education, auditor independence, and quality control.  The new Yellow Book also clarifies expectations regarding internal control and adds waste as a reportable condition.  Come to this seminar to discuss the latest government audit standards and figure out how to comply.

Potential CPE Credits: 8.0
Govt Hours: This class meets 8.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 8.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Classroom
Experience Level: ALL
Category: Auditing

Course Objectives

Upon completion of this course, participants will be able to:

  • Select the standards that apply to your engagement
  • Define requirements for peer review and quality control
  • Apply the latest independence standards to your team
  • Use the elements of a finding to flesh out an audit issue
  • Label reportable conditions as waste, abuse, fraud, non-compliance, & an internal control weakness
  • Differentiate between types of audits

Course Outline

1. Overview of the new format and changes

2. Types of Yellow Book engagements

3. Ethics and Independence

4. Professional Competence and CPE

5. Financial audit fieldwork and reporting standards

6. Performance audit planning and fieldwork standards

7. Performance audit reporting standards


No prerequisites required.


Leita Hart-Fanta

Leita Hart-Fanta makes auditing fun and easy.  She converts the complex topics of auditing standards, internal controls, risk assessment, and report writing into information that professionals can absorb and use. 

Leita is an experienced facilitator, having led over 1200 full or multi-day seminars.  She has also keynoted numerous conferences and developed over 25 distinct courses and speeches.  She was named an “Outstanding Presenter” by the Institute of Internal Auditors in 2014.

Leita is the founder of Yellowbook-CPE – a site for self-study courses for government auditors.   She started her business in 1996.

Leita writes a monthly column for Columbia Book’s Single Audit Information Service and develops audit and CPA training curriculum for Walmart and Deloitte.

Leita is a graduate of the University of Texas at Austin with a bachelors in business administration.  She is a Certified Public Accountant, Certified Government Financial Manager, and Certified Government Audit Professional.   She serves on the government conference planning committee the Texas Society of CPAs and is a member of the AICPA, TSCPA, IIA, and AGA. 

She lives with her fishing obsessed husband and two beautiful tween daughters in Austin, Texas.


To learn more about Leita, follow her on Twitter and LinkedIn.  And visit her website at

Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit

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