GAE2605. Auditing Standards Update (ASB/GAO)

Participants will receive an update on the Yellow Book standards, including implementation guidance for a system of quality control. Additionally, the Standards for Internal Control, also known as the Green Book, will be covered, with a focus on the changes and how these standards may affect federal and single audits.

Participants will learn about the Auditing Standards Board (ASB) standards, with recent and upcoming effective dates, including the new Statements on Quality Management Standards (SQMS) effective December 15, 2025, exposure drafts, and the 2026-2027 workplan.

Learning Objectives:

• Identify key changes to Yellow Book and Green Book standards and their effect on federal and single audits.
• Recognize recent and upcoming Auditing Standards Board (ASB) standards.