Auditing Bits in Bytes™ Session 8: Engagement Wrap-up and Quality Control Considerations
Description
This 2-hour session emphasizes the key activities that ensure that appropriate quality control procedures were performed on the financial statement audit.
Learning Objectives
Identify how to leverage the audit documentation and review process to ensure a quality and profitable engagement
Describe key activities that ensure appropriate quality control procedures were performed on the financial statement audit
Recognize common peer review deficiencies that quality control policies and procedures should seek to avoid
Major Topics
Audit Documentation & Review – Using the workpaper documentation and review process to ensure sufficient compliance professional, technical, ethical and regulatory standards
Statement of Quality Control Standards – An overview of the AICPA standard that clarifies and enhances quality control requirements for CPA Firms performing financial statement audits
Engagement Quality Control Review – When this may be necessary, who can perform most effectively perform this review, what he/she should review, and documentation considerations
Peer Review – Common deficiencies identified related to financial statement audits, and how CPA firms can strengthen quality control policies and procedures to combat them
Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Provider
Business Learning Institute
Course Level
Basic
Professional Area of Focus
T Shaped Professional Data / Digital / Technical
CPE Field of Study
Auditing
2.0
Who Should Attend
Anyone who is new to auditing or desires a refresher in how to perform effective and efficient financial statement audits for non-issuers in accordance with professional and regulatory standards.
