Be ready for your peer review! The peer review process is an effective way to monitor practice quality, ensuring that your firm meets high standards while protecting the public interest. Gain a better understanding of the overall peer review process and learn how to fully prepare for your triennial review. This webcast will help you:
Understand and compare the system and engagement review processes
Address recently issued peer review guidance and quality control requirements
Learn how both guidance and requirements affect your firm You'll also discover the most common areas of noncompliance with professional standards and how to avoid them well before your review is due. Participants will leave this session with the resources and tools to enhance their firm's peer review quality.
Learning Objectives
Distinguish the steps included in the peer review process.
Determine ways to prepare for your peer review.
Analyze ways to get value from your peer review.
Determine common areas of noncompliance with professional standards.
Major Topics
Peer review process and timeline
Quality control standards overview
Enhancing Audit Quality initiatives
Common issues identified in peer review and how to prevent them
Best practices to prepare for your firm’s peer review
Peer review resources and tools
CPE Credits Available
1.5 CPE Credit
1.5
Specialized Knowledge
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Auditing
Future Ready
Prerequisites
A fundamental knowledge of performing A&A engagements and peer review
