IIA vs. GAO Standards

Internal auditors in many government audit shops are orange… not UT orange, but the orange that comes from implementing both IIA and GAO standards!  In this course, we will walk through the basics of both sets of standards – the GAO’s yellow book (or Government Auditing Standards) and the IIA’s red book (The International Professional Practices Framework).  Special emphasis will be placed on sections where the GAO standards and IIA standards conflict. 

Topics include core requirements of the IIA and GAO standards, such as:

• Assurance definitions
• Independence
• Documentation
• Reporting
• Quality control and peer review

Objectives:

• Refer to IIA and GAO standards confidently
• Identify content and structural differences between the two standards
• Resolve conflicts between the two standards

Who should attend: Auditors using both the Yellow Book and Red Book to guide their work.

Program level: Intermediate

Prerequisites: Five or more years of audit experience

Delivery method: Group live

Recommended CPE credit: 8 hours