Course Information
2018 Governmental Auditing Standards. Interpretation and Application
Parking for SAO, Professional Development courses is in Garage B (1511 San Jacinto Blvd.). The Garage signage may read 1511 San Jacinto or Garage B. The elevator in Garage B is not reliable. If you are unable to walk the stairs, please contact the professionaldevelopment@sao.texas.gov for alternate parking arrangements. Handicapped parking is free at the meters around the downtown area.
A course coordinator will Email you a parking permit prior to the course start date. A permit must be displayed or you will be ticketed.
Course Description
The instructor will review initial chapters of the 2018 Government Auditing Standards (Yellow Book) which are pertinent to all types of audit engagements. This will include types of audits, ethical principles, and maintaining independence. To prepare your office for future peer reviews the instructor will emphasize independence and internal quality control systems designed to help ensure you are in full compliance with standards. The instructor will ensure you are up to date on requirements and changes pertaining to CPE, use of specialists, internal control testing, and performance auditing.
This course will include a review and update of chapters pertaining to performance auditing including planning, fieldwork, and reporting standards. The review will include an overview of the extensive 2014 “Green Book” federal internal control framework which can be “customized” and adopted to other levels of government. Finally, the review will provide ways to comprehend and audit “waste” in government organizations within a performance expectations context.
This course will be conducted using continuous participant interaction through question and answer, formal exercises, and a pre and post multiple choice test to ensure the participants understand not just what the Standards say but what they mean.
Course Objectives
Upon completion of this course, participants will be able to understand changes to the Government Auditing Standards since 2011 and in particular:
· Understand the new format for Government Auditing Standards which differentiates requirements from application guidance.
· Gain perspective on government auditing principles and the use and application of the standards, including types of audits and engagements.
· Understand ethical principles in government auditing.
· Understand and apply the General Standards.
· Understand and apply Performance Auditing Standards.
Course Outline
I. Changes to the Standards from 2011 to 2018 Focusing on Requirements Including General Standards, Financial Statement Audits, Attestation Engagements, and Performance Audits
II. Use and Application of the Standards and Ethical Principles
III. Types of Government Audits and Attestation Engagements
IV. General Standards
V. Fieldwork Standards for Performance Audits
VI. Reporting Standards for Performance Audits
Instructors
Stephen Morgan, CIA, CGAP, CGFM, CFE, is the president of Excellence in Government Accountability and Performance Practices, Inc. (EGAPP), which specializes in training government auditors and managers. He is a co-author of Performance Auditing, 3rd edition, which was fully revised and updated in 2016.
Morgan joined the internal audit function in the city of Austin, Texas, in 1985, and became the city auditor in 2000, responsible for directing performance audits, conducting fraud investigations, and performing consulting engagements. Previously, Morgan was an auditor in the U.S. Government Accountability Office's National Productivity Group for eight years, responsible for auditing federal productivity programs. Morgan served for five years on the Advisory Council on Government Auditing Standards (Yellow Book), as chairman of the National Intergovernmental Audit Forum's Emerging Issues Committee, and as an executive committee member of the Southwest Intergovernmental Audit Forum.
Throughout his career, Morgan has instructed, designed, and delivered courses on performance measurement, management, and auditing. For more than 25 years, he served as a faculty member for the Graduate School and the Government Audit Training Institute in Washington, D.C. Morgan has co-authored four performance auditing textbooks and contributed as co-author of a chapter for the 2007 World Bank publication Performance Accountability and Combating Corruption. He also co-authored The IIA's CGAP Study Guide, 4th edition, and has spoken at IIA international conferences around the world. Morgan has been an active member and leader of The IIA at local, regional, national, and global levels, serving on numerous committees and boards, including Chairman of the North American Board. Over his career, Morgan has received top honors from the Comptroller General of the United States, American Society of Public Administration, and The IIA, including the Victor Z. Brink Memorial Award for Distinguished Service and election into the American Hall of Distinguished Audit Practitioners.
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 http://www.sao.texas.gov/training/faq.html.