Kearney & Co. – Preparing and Reviewing Workpapers: Essential Tips for Avoiding Deficient Audit and Other Attest Engagements (Day 1)
Description
Workpapers are the primary support for findings, conclusions and opinions on any audit or other attest engagement. This course will provide the essential tips and techniques for ensuring workpaper documentation is of a high quality, yet efficient, nature. (Available in 2 or 4 hour format)
Learning Objectives
Describe minimum documentation requirements contained in the SSARSs, SASs and SSAEs
Explain best practices for preparing and reviewing workpapers to ensure an effective and efficient engagement
Apply techniques in case studies and examples for preparing and reviewing workpapers
Major Topics
The primary purpose of workpaper documentation, and minimum documentation requirements for workpaper preparers
Best practices for documenting complex and subjective procedures and conclusions, such as estimates, substantive analytic procedures, etc.
Tips for an efficient workpaper review process that complies with relevant standards
Understanding the quality control standards and guidance related to a CPA firm’s responsibilities for its system of quality control
The responsibilities of the engagement quality control reviewer in evaluating the significant judgments the engagement team made and conclusions reached in formulating the report
Provider
Business Learning Institute
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
4.0
Who Should Attend
Public accounting professionals with audit supervision and review responsibilities
