This Governmental Audit Quality Center (GAQC) event delves into independence considerations in audits performed under Government Auditing Standards (also referred to as the Yellow Book), which continues to be an emphasis area both in federal quality control reviews and peer reviews. The session will provide you with the following information:
An overview of the 2018 Yellow Book independence rules with a focus on the performance of nonaudit services concepts;
Application of Yellow Book independence concepts to real life scenarios;
Best practices and tips for preparing related documentation, especially when performing non audit services; and
A high-level update on other AICPA ethics activities including the AICPA Ethics Interpretation, State and Local Government Client Affiliates, effective for years beginning after December 31, 2021.