1650 West 82nd Street, Ste 600
Bloomington MN 55431
Ph: 952-831-2707 Fax: 952-831-7875
Please note: Information contained on this page is subject to change without notice. For complete and current information, refer to the U.S. Government Accountability Office website.
More information on Yellow Book requirements
These requirements are outlined in the GAO’s Guidance on GAGAS Requirements for Continuing Professional Education. Each auditor performing work in accordance with GAGAS should complete, every 2 years, at least 24 hours of CPE that directly relates to government auditing, the government environment, or the specific or unique environment in which the audited entity operates. Auditors who are involved in any amount of planning, directing, or reporting on GAGAS audits and auditors who are not involved in those activities but charge 20 percent or more of their time annually to GAGAS audits should also obtain at least an additional 56 hours of CPE (for a total of 80 hours of CPE in every 2-year period) that enhances the auditor’s professional proficiency to perform audits. Auditors required to take the total 80 hours of CPE should complete at least 20 hours of CPE in each year of the 2-year periods. Auditors hired or initially assigned to GAGAS audits after the beginning of an audit organization’s 2-year CPE period should complete a prorated number of CPE hours.
Please note: Auditors must use professional judgment when determining and documenting if a seminar qualifies for Yellow Book in accordance with the Government Accountability Office, Government Auditing Standards, December 2011 Revision and Guidance on GAGAS Requirements for Continuing Professional Education.
Minnesota Society of CPAs
1650 West 82nd Street, Suite 600, Bloomington, MN 55431
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