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Live Webcast Replay

The Yellow Book: From Beginning to End

Total Credits: 8 including 4 Accounting (Governmental) - Technical, 4 Auditing (Governmental) - Technical

Average Rating:
Accounting and Auditing |  ACPEN Industry Institute |  Yellow Book
J. Michael Inzina
Course Levels:
8 Hours
Access for 30 day(s) after program date.



A comprehensive review of the July 2018 version of the U.S. Government Accountability Office’s Government Auditing Standards, otherwise known as “the Yellow Book.”  The standard will affect all auditors who perform audits of government and nonprofit organizations who receive federal funds, or where application of GAO standards is required by law, regulation or contract.  It does not address the standards applicable to performance audits.

Basic Course Information

Learning Objectives
  • To enable staff performing and managers reviewing audits under Government Auditing Standards to understand and apply the GAO standards

Major Subjects
  • Introduction
  • Foundation and principles
  • General requirements for complying with Government Auditing Standards
  • Ethics, independence and professional judgment
  • Competence and continuing professional education
  • Quality control and peer review
  • Standards for financial audits
  • Standards for attestation engagements and reviews of financial statements

Course Materials


J. Michael Inzina's Profile

J. Michael Inzina Related seminars and products

J. Michael Inzina, CPA, CGFM, CGMA is founder and chief executive officer of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving public accounting firms and other accounting and auditing organizations on matters of audit efficiency, continuing education, litigation and ethics.  In 2020 he retired from public practice with 44 years of experience, concentrated in financial institutions, government and nonprofits organizations.  Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976.  He is a member of the American Institute of CPAs, Society of Louisiana CPAs, Government Finance Officers Association of Louisiana, and the Association of Government Accountants.  Mike earned the CEA in governmental in 1990, was awarded the Certified Government Financial Manager (CGFM) designation in 1996, and the Chartered Global Management Accountant (CGMA) designation in 2012.  He is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs.  He has served on a number of committees of the Society of Louisiana CPAs, and currently serves on its Ethics Committee.  Mike also served on the GASB Service Efforts and Accomplishments Task Force.                  

Mike has twice been a member of the AICPA Professional Ethics Executive Committee (1989-1992 and 2000-2003), and served on the Auditing Standards Board from 1997 to 2000.  From 1986 to 1993, he also served as a member of AICPA Independence and Behavioral Standards Subcommittee, and as Subgroup Chairman of the Governmental Technical Standards Committee.  During this time, he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board.

He contributed to the Implementation Guide for GASB Statement 34, AICPA Statement of Position 98-3, Audits of States, Local Governments and Not-for-Profit Organizations Receiving Federal Awards, revisions to the AICPA Audit and Accounting Guide, Audits of State and Local Governmental Units, the AICPA Practice Aid Fraud Detection in a GAAS Audit, revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development) and as consultant to the Louisiana Department of Education.  Mike frequently appears as moderator and panelist on the Accountants’ CPE Network. (ACPEN).

Mike has been named thirteen times as an Outstanding Instructor by the American Institute of CPAs and several state societies, and received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994. In addition, he was awarded the 2001 National Education and Training Award from the Association of Government Accountants and in 2009 was named national Beta Alpha Psi Business Information Professional of the Year.  In 2016, Mike received the Distinguished Service Award from the Society of Louisiana CPAs.


Thu, May 27, 2021 - 10:00am to 06:05pm EDT
Thu, Jun 17, 2021 - 10:00am to 06:05pm EDT
Tue, Jun 29, 2021 - 10:00am to 06:05pm EDT
Wed, Jul 14, 2021 - 10:00am to 06:05pm EDT
Fri, Jul 30, 2021 - 10:00am to 06:05pm EDT
Tue, Aug 03, 2021 - 10:00am to 06:05pm EDT
Tue, Aug 17, 2021 - 10:00am to 06:05pm EDT
Thu, Sep 16, 2021 - 10:00am to 06:05pm EDT
Wed, Sep 29, 2021 - 10:00am to 06:05pm EDT
Wed, Oct 13, 2021 - 10:00am to 06:05pm EDT
Mon, Oct 25, 2021 - 10:00am to 06:05pm EDT
Thu, Nov 11, 2021 - 10:00am to 06:05pm EST
Mon, Nov 29, 2021 - 10:00am to 06:05pm EST
Tue, Dec 07, 2021 - 10:00am to 06:05pm EST
Wed, Dec 29, 2021 - 10:00am to 06:05pm EST

Additional Info

Basic Course Information

Original Recording Date 02/06/2020
Date Added to Catalog 01/10/2020
Prerequisites Minimum to intermediate level of auditing experience
Advanced Preparation None
Designed For Professional staff with responsibility for performing or reviewing audit engagements under GAO standards
Course Developer J. Michael Inzina, CPA, CGFM, CGMA
Yellow Book Yes

Additional Information

Instructional Delivery Method Group Internet Based
Complaint Resolution Policy Please contact Anne Taylor for any complaints., (972-377-8199).
Official Registry Statement Business Professionals' Network, Inc. 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:
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Course Registration Requirements Online Registration

Promo Video



Overall:      4.5

Total Reviews: 102


Ara G

"J. Michael Inzina is one of the best presenters of CPE I've seen. "

Luke R

"Great job. Great information. Keep it up!"

Justin P

"Really enjoyed the course. I'll be sure to take more of the training offered by Michael."

David P

"Outstanding presentation"

Patrick K - Houston, Texas

" "

Paul D

"This was the best virtual seminar I have taken. I would like to know about others in this format."

Jon D

"Good Course!"

Blanche S - CHARLOTTE, North Carolina

"Great Course!"

Michael S

"Thank you for adding a little life to a boring subject."

Carson C

"All good - thanks!"

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