On-Demand


2 CPE

Auditing Bits in Bytes™ Session 8: Engagement Wrap-up and Quality Control Considerations

On-Demand
2 CPE
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    Instructor

    Jennifer
    Louis

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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

CPE Credits Available

2 CPE
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

  • None

Advanced Preparation

None  SPEAKER BIO

Intended Audience

  • 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.

Provider

AICPA

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