Section 4: 10–20%A18
Government Auditing and Compliance
Exam Insight
Government auditing has additional requirements beyond GAAS. The CPA exam tests knowledge of Government Auditing Standards (Yellow Book), Single Audits under the Uniform Guidance, and compliance auditing. These requirements layer on top of standard GAAS requirements.
What AICPA Wants You to Know
- 1Understand the Government Auditing Standards (Yellow Book) requirements
- 2Explain the Single Audit under the Uniform Guidance
- 3Identify when a Single Audit is required
- 4Distinguish between a compliance audit and a financial statement audit
- 5Recognize the additional reporting requirements for government audits