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Audit Reporting: Yellow Book Style - v09 - Yellow Book Series (Course Id 1552)

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Author : Leita Hart-Fanta, CPA
Status : Production
CPE Credits : 7.0
IRS Credits : 0
Price : $90.00
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Auditing (Governmental) - Auditing (Governmental) for Course Id 1552

Description :

Do you seem to get caught in an endless cycle of review and revision in your audit shop? In this course, we will diagnose and help resolve the root cause of your problems.

The Yellow Book requires the use of the elements of a finding—and if you use them correctly, your report gets stronger and your process gets shorter, much shorter!

The author, Leita Hart-Fanta, has reviewed hundreds of findings and shares her insights on how to (and how not to!) coach the team to better writing behaviors. We cover IIA, AICPA, and Yellow Book reporting standards as well as tell you how to meet the standards.

Usage Rank : 0
Release : 2019
Version : 1.0
Prerequisites : One or more years of audit experience.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 26-Jul-2019
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 1552

Keywords : Auditing (Governmental), Audit, Reporting, Yellow, Book, Style, v09, Yellow, Book, Series, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Identify what is causing your teams problems with report writing
  • Define the possible contents of an audit report
  • Choose reporting expectations including audience, tone, and length that are appropriate for your audit team
  • Contrast the communication philosophies of the audit standard-setting bodies
  • Identify the triggers of an audit finding
  • Differentiate among the elements of a finding
  • Order the steps of the writing process
  • Identify the rules that allow for fast drafts
  • Identify the levels of editing and choose attractive formats
  • Judge how to talk to staff about their writing

Chapter 1
Business Writing

  • Identify what is causing your teams problems with report writing

    Chapter 2
    Does Your Audit Process Lead to a Good Audit Report?

  • Define the possible contents of an audit report

    Chapter 3
    Audience, Tone, and Length

  • Choose reporting expectations including audience, tone, and length that are appropriate for your audit team

    Chapter 4
    Overview of the Auditing Standards

  • Contrast the communication philosophies of the audit standard-setting bodies

    Chapter 5
    Reporting Standards for Financial Audits

  • Compare AICPA financial audit reporting standards to GAGAS standards
  • Identify the triggers of an audit finding
  • Differentiate among the elements of a finding

    Chapter 6
    Reporting Standards for Performance Audits

  • Differentiate among the contents of a performance audit report including audit objective, scope and methodology, and audit results

    Chapter 7
    IIA Standards and AICPA Standards

  • Identify the minimum reporting standards per the IIA

    Chapter 8
    Overview of the Writing Process

  • Order the steps of the writing process

    Chapter 9
    Planning

  • Order the steps of planning an audit report

    Chapter 10
    Drafting

  • Identify the rules that allow for fast drafts

    Chapter 11
    Editing and Formatting

  • Identify the levels of editing and choose attractive formats

    Chapter 12
    How to Talk to Folks about Their Writing

  • Judge how to talk to staff about their writing
  • Course Contents :

    Section 1: Whas up with Your Teams Writing?

    Chapter 1: Business Writing

    Whats Your Problem?: The Root of Writing Problems

    Four Criteria for Good Business Writing

    Principle #1: A Good Audit Report Engages the Readers Attention

    Principle #2: A Good Audit Report Persuades the Reader that Change Should Occur

    Principle #3: A Good Audit Report is Mercifully Brief

    Principle #4: A Good Audit Report is Clear and Well Organized

    How this Text is Organized

    Study Questions for Chapter 1

     

    Chapter 2: Does Your Audit Process Lead to a Good Audit Report?

    The Report Can Only Be as Good as the Audit Itself

    The Worst Audit Ever!

    Establish Expectations for your Team

    Design a Sound Audit Process: Begin with the Objective, Scope, and Methodology

    What Makes a Good Audit Objective?

    How Do You Define the Audits Scope?

    How Do You Define the Audits Methodology?

    Possible Elements of an Audit Report

    Study Questions for Chapter 2

     

    Chapter 3: Audience, Tone, and Length

    Who is the Audience?

    Who is the Main Audience for Your Report?

    How Do You Find out What the Client Cares About?

    Create a Report with Layers

    Are You Setting up Hurdles for the Reader?

    Hurdle #1: Your Job Title

    Hurdle #2: How You Have Treated Your Reader in the Past

    Hurdle #3: The Format

    Hurdle #4: The Weight

    Hurdle #5: The Title

    Hurdle #6: The First Paragraph

    Hurdle #7: The Logic/Organization

    Tone is a Tricky Thing

    Word Choice

    The Rug Lifters: An Analogy

    What is the Auditor Going to Do about the Dirt?

    Which Approach is Best?

    Where Do You Draw the Line?

    The At Your Service! Approach

    Examples

    Our Tricky Little Minds: Cognitive Distortions that Affect Tone

    How Long is Too Long?

    How Long Should Your Report Be?

    What to Communicate via Email or Memo

    Working Papers vs. Audit Reports

    You Dont Have to Please Your English Teacher Anymore!

    Good Business Writing is Like a Good Experience with Getting Your Blood Drawn

    Study Questions for Chapter 3

    Section 2:  The Standards: Yellow Book, AICPA, and IIA

    Chapter 4: Overview of the Auditing Standards

    Audits, Standards-Setters, and Auditors, Oh My

    Types of Audits

    Who Are These People? Standards-Setting Bodies

    Alternative Titles for Those Not Following Auditing Standards

    Audits vs. Investigations

    The Relationship of GAO Standards (GAGAS) to Other Standards

    Comparing the Standards: The GAO Cares About the Quality of the Report

    Study Questions for Chapter 4

     

    Chapter 5: Reporting Standards for Financial Audits

    Layer #1:  GAGAS Compliance Statement

    Layer #2:  Reporting on Internal Control and on Compliance with Laws, Regulations, and Provisions of Contracts or Grant Agreements

    Example Letter

    Three Reportable Conditions Plus Abuse and Waste

    Our Responsibility Is Limited

    Definitions of the Reportable Conditions

    Each of the Reportable Conditions Has Criteria:

    Abuse and Waste Are Subjective

    Thinking through Some Examples May Help Us

    Layer #3: The Elements of a Finding

    The Hardest Element to Develop Is the Cause

    Did I Show Up to Work on Time?

    An Audit Example

    Solid Findings Look Like This

    Weak Findings Look Like This

    Quantify When Possible to Lend Perspective

    Layer #4: Direct Reporting of Non-Compliance and Fraud

    Layer #5: Reporting Views of Responsible Officials

    Layer #6: Privileged and Confidential Information

    Layer #7: Report Issuance and Distribution

    Study Questions for Chapter 5

     

    Chapter 6: Reporting Standards for Performance Audits

    Performance Audit Reporting Standards Cover Much of the Same Ground as the Financial Reporting Standards

    Difference #1: Mandatory Paragraph to indicate GAGAS compliance

    Difference #2:  Report Form

    Difference #3: Report Contents

    Objectives, Scope, and Methodology

    Detailed Requirements for the Audit Methodology Section

    Difference #4:  Conclusions

    Difference #5: Useful  Recommendations

    Chapter Summary

    Study Questions for Chapter 6

     

    Chapter 7: IIA Standards

    The Institute of Internal Auditors International Professional Practices Framework

    The CAE is Responsible for Communications

    Monitoring Results

    Study Questions for Chapter 7

    Section 3:  The Writing Process

    Chapter 8: Overview of the Writing Process

    Streamline Your Writing Using the Nine-Step Process

    Tips for Using the Nine-Step Process

    Make it Easy on Yourself: Do Each Step Individually

    Delay Creating Full Sentences for as Long as Possible

    Get Buy-in Along the Way

    Share with Others

    Create the Executive Summary First

    Study Questions for Chapter 8

     

    Chapter 9: Planning

    Step #1: Outline the Objective, Scope, and Methodology

    Step #2: Outline the Detail Section

    Step #2A: Get Your Thoughts on Paper

    Mind-Mapping

    Brainstorming

    Fishbone

    Some Things Need to Be Thrown out!

    Step #2B: Fill out the Finding Form

    The Finding Form: The Key to Happiness

    A Few Rules about Using the Elements

    What Do You Want the Reader to Do?

    Address the Root Cause

    Step #2C: Evaluate and Reorganize

    Remove Extraneous Information

    Step Away for a While

    Keep Several Pots Going on the Stove

    Step #2D: Evaluate Evidence Gathered

    Step #3: Outline an Executive Summary

    What is an Executive Summary?

    What Does an Executive Summary Contain?

    Study Questions for Chapter 9


    Chapter 10: Drafting

    Step #4: Draft the Objective, Scope, Methodology, Detail, and Executive Summary

    Drafting the Objective, Scope, and Methodology

    Drafting Detail

    Drafting the Executive Summary

    Step #5: Draft the Remaining Pieces of the Report

    Create the Standard Letters

    Develop the Background Info if Necessary

    Study Questions for Chapter 10

     

    Chapter 11: Editing and Formatting

    Editing

    Step #6: Edit the Entire Report for Organization

    Organize

    Read This Finding

    Now Evaluate This Finding

    Step #7: Edit the Entire Report for Readability

    Criteria for a Readable Report

    A Word or Two on Redundancy

    Step #8: Edit for mechanical Correctness

    Find the Talent

    Steps to Take Before You Issue Your Report

    Just for Fun

    Step 9: Formatting: Make it Pretty, Please

    Make it Appealing

    Develop a Style Guide

    Study Questions for Chapter 11

    Section 4: Coaching

    Chapter 12: How to Talk to Folks about Their Writing

    Coaching is Really All About the Questions

    Coaching Tips

    Resist Handing over a Marked-up Report

    Meet in Person

    Apply Agreed-Upon Guidelines

    Do Not Concern Yourself with Their Style

    Never Rewrite Their Work

    How to Talk to the Writer

    Ask, Dont Tell

    Respect Their Knowledge

    Say, I Dont Understand

    Avoid Using the Word You

    Bring the Focus Back to the Objective Criteria for Good Writing

    Restate What They Have Written or Said

    Ask Questions to Redirect the Report Meeting

    If the Product is Poor, Its Probably Your Fault

    Study Questions for Chapter 12

    Appendix A: Executive Summaries

    Example 1

    Example 2

    Example 3

    Example 4

    Example 5

    Example 6

    Example 7

    Appendix B: Whole Reports

    Example 1

    Example 2

    Glossary

    CPE Auditing (Governmental) Course: https://www.cpethink.com/yellow-book-auditing
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