This session provides an update of changes in governmental and U.S. auditing standards including the revised Yellow Book. Session will share a comparison of the 2011 Yellow Book and the 2018 Yellow Book. We will also discuss the possible implementation issues, challenges, and easy to-dos when implementing these new standards.
Recall the new Yellow Book standards.
Identify changes introduced in the 2018 Yellow Book.
Recognize effective dates and timing for changes identified.