Future team or review captains can learn how to successfully plan for, perform, and report on both system and engagement reviews. Understanding system and engagement reviews You can learn the foundation of an effective peer review engagement and gain insight into evaluating a firm's system of quality control under the AICPA Practice-Monitoring Program. As a future team or review captain, you will learn to successfully plan for, perform, and report on both system and engagement reviews. Becoming a certified peer review team captain This two−part CPE course features an online self-study module and a group−study course entitled Becoming an AICPA Peer Review Team or Review Captain: Case Study Application. You are required to complete both parts to become certified qualified as a peer review team captain. Who Will Benefit Those who wish to become peer review team captain qualified. Key Topics - Evaluating a firm's system of quality control - Steps in a peer review engagement - Writing peer review reports - Assisting firms in preparing letters of response - Planning and conducting the exit conference - The role and qualifications of the peer reviewer in system and engagement reviews - Objectives and requirements related to peer reviews in a peer review program - Engagement reviews and their distinct differences from system reviews Learning Outcomes - Distinguish between the processes to effectively plan system and engagement peer reviews. - Identify steps needed to understand a firm's system of quality control. - Identify the differences between the various types of peer review reports. - Select different recommendations for follow-up action to the administering entity. - Identify the impact and effect that organizational issues have on a firm's system of quality control.
Learning Objectives
Intermediate