Updates to the Yellow Book for 2018 Focusing on Significant Changes

12/13/2018 2:00 PM
12/13/2018 3:00 PM
Eastern Time (ET)
10/18/2030 1:00 AM

Registration will close 24 hours prior to the beginning of the webinar start time listed.

​This session will focus on several significant changes contained in the 2018 edition of the Government Auditing Standards (Yellow Book) that will make the greatest difference in how government audit offices respond to and incorporate the changes in their audit work. Three of the most significant changes are:

  • Reorganization of the standards using a revised format that clearly differentiates between requirements and application guidance.
  • Renewed emphasis on assessment of internal controls using much more detailed guidance contained in GAO’s 2014 “Standards for Internal Control in the Federal Government” or a similar integrated internal control framework.
  • Increased responsibilities for complying with standards on “Competence and Continuing Professional Education” and “Quality Control and Peer Review.” Both of these topics were given its own chapter in the 2018 Yellow Book.

The presenter will provide an overall critique of the new standards and point out certain changes that may be more difficult to incorporate in audit office policies and practices or explain to audit office clients or stakeholders.

Learning Objectives

Attendees will derive several benefits from this session including:

  • A better understanding of some of the most important updates and changes reflected in the 2018 Yellow Book;
  • Greater insight into the implications of the new standards for future audit work; and
  • A head start on addressing how to communicate what the new standards mean for key stakeholders including audit management and staff, audit committees, and program management.


Stephen MorganStephen Morgan, CIA, CGAP, CGFM, CFE
President, Excellence in Government Accountability and Performance Practices, Inc.

Stephen Morgan, CIA, CGAP, CGFM, CFE, is the president of Excellence in Government Accountability and Performance Practices, Inc. (EGAPP), which specializes in training government auditors and managers. He is a co-author of Performance Auditing, 3rd edition, which was fully revised and updated in 2016.
Morgan joined the internal audit function in the city of Austin, Texas, in 1985, and became the city auditor in 2000, responsible for directing performance audits, conducting fraud investigations, and performing consulting engagements. Previously, Morgan was an auditor in the U.S. Government Accountability Office's National Productivity Group for eight years, responsible for auditing federal productivity programs. Morgan has served on the Advisory Council on Government Auditing Standards, as chairman of the National Intergovernmental Audit Forum's Emerging Issues Committee, and as an executive committee member of the Southwest Intergovernmental Audit Forum.

Throughout his career, Morgan has instructed, designed, and delivered courses on performance measurement, management, and auditing. For more than 25 years, he served as a faculty member for the Graduate School and the Government Audit Training Institute in Washington, D.C. Morgan has co-authored four performance auditing textbooks and contributed as co-author of a chapter for the 2007 World Bank publication Performance Accountability and Combating Corruption. He also co-authored The IIA's CGAP Study Guide, 4th edition, and has spoken at IIA international conferences around the world. Morgan has been an active member and leader of The IIA at local, regional, national, and global levels, serving on numerous committees and boards, including Chairman of the North American Board. Over his career, Morgan has received top honors from the Comptroller General of the United States, American Society of Public Administration, and The IIA, including the Victor Z. Brink Memorial Award for Distinguished Service and election into the American Hall of Distinguished Audit Practitioners.

Event Information

Course Duration: 1 Hour
CPE Hours: 1
Knowledge Level: Basic
Field of Study: Auditing (Governmental)


Advance Preparation:


Delivery Method: Group Internet based

The IIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org .