2026/27 Yellow Book Update
Overview
Stay current on key developments affecting governmental audits with this focused update on the 2024 revision of the Yellow Book. This course highlights significant changes related to quality management and updates affecting key audit roles, with an emphasis on how these revisions impact audit planning and execution.
The course also addresses the GAO’s implementation delay and its implications for 2026 audit planning. Participants will gain context around recent leadership changes at the U.S. Government Accountability Office and what those transitions may signal for future guidance and oversight priorities.
In addition, the course includes an overview of recent updates to the Green Book, helping auditors understand changes to internal control guidance that may affect governmental entities and Single Audit engagements.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this course include:
- Significant changes related to quality management and updates affecting key audit roles, with an emphasis on how these revisions impact audit planning and execution.
- The GAO's implementation delay and its implications for 2026 audit planning.
- Recent leadership changes at the U.S. Government Accountability Office and what those transitions may signal for future guidance and oversight priorities.
- Overview of recent updates to the Green Book, helping auditors understand changes to internal control guidance that may affect governmental entities and Single Audit engagements.
Prerequisites
Prior experience with Yellow Book engagements
Designed For
Accountants and Auditors
Objectives
After attending this presentation, you will be able to...
- Recall the requirements related to quality management in the 2024 Yellow Book.
- Identify changes to the effective date of the 2024 Yellow Book.
- Recognize recent changes
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by CPA Crossings.
Leader(s):
Leader Bios
Melisa Galasso, Founder and CEO, Galasso Learning Solutions LLC
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
Melisa serves as the Co-Chair of the NCACPA's A&A committee and as a Subject Matter Expert for the AICPA's Center for Plain English Accounting (CPEA). She has also served on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the AICPA's Women's Initiative Executive Committee (WIEC). She also previously served on the AICPA's Technical Issues Committee (TIC) and the VSCPA's Board of Directors. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.
Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, was a 2020 Enterprising Women of the Year Award recipient and was honored as a "40 under 40" by CPA Practice Advisor in 2017, 2018, and 2019. She was named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and has earned several other awards for public speaking and technical training.
Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia.
She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.
Melisa actively supports several causes that empower women. She is the Chair of the Advisory Board for Girls on the Run Greater Charlotte. In 2023, she was one of 31 women selected as part of Dress for Success Charlotte's Power Hour. She also serves as the Education Chair for the Board of Directors for NAWBO Charlotte.
Non-Member Price $85.00
Member Price $55.00