Audit 402: Audit Quality Control - Avoid Peer Review Issues

Description

Audit Quality Control - Avoiding Peer Review Deficiencies highlights the most important considerations for those at all levels of the engagement team with quality control responsibilities on audit engagements. Upper-level reviewers have significant responsibilities for ensuring high-quality audit engagements. Unfortunately, deficient audits have serious negative consequences for both the CPA firm and the profession as a whole. Note: This course is recommended as a part of a 16-hour audit skills curriculum for supervisory or managerial auditors, while it is also appropriate for anyone who has quality control responsibilities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this course include:

• Common peer review deficiencies that quality control reviewers should be alert to
• Important considerations of second-level and other upper-level reviewers
• Lessons learned from various regulatory oversight reviews
• Statement of Quality Control Standards requirements specific to financial statement audits, and other regulatory oversight considerations

Objectives

After attending this presentation, you will be able to...

• Identify common peer review and quality control deficiencies on financial statement audits
• Determine important quality control standards most directly relevant to audits
• Analyze the importance of upper level workpaper reviews, including an objective engagement quality control review

Designed For

Anyone with quality control responsibilities with audit or other attestation engagements.