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.

Prerequisites

None

Objectives

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

Highlights

• Independence
• Threats
• Safeguards