TeamMate®
Overview
Title: Impact of 2018 Yellow Book Revisions on Internal Audit
Summary
Are you ready for change? The 2011 Yellow Book was updated in 2018 with required compliance for all financial audits, attestation engagements, and reviews of financial statements for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. The question is do you know what the changes are? During this presentation we will review a few of the major changes between the 2011 and 2018 Yellow Book focusing on the following:
- The new structure of the yellow book and resources to use
- Discussing the emphasis on internal controls and similar integrated frameworks
- Competence and continuing professional education, quality control and peer review
Objectives
- Provide insights into the new structure of the Yellow Book
- Gain a better understanding of the key changes in the 2018 Yellow Book
- Understand the resources available to transition from 2011 to the 2018 Yellow Book
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