What does it take to have an effective quality control system that leads
you to a clean, unmodified peer review report? Find out how to prepare
for your next review and what can be done on a daily basis to create a
strong quality control environment for your firm. Identify the most
common, significant deficiencies that peer reviews uncover and what you
can do to prevent them from occurring in your firm. Consider the process
for selecting the appropriate peer reviewer and determine the right
review year-end for your firm. If you have specialized engagements, such
as governmental units, not-for-profit organizations, construction
contractors or employee benefit plans, this course examines the
additional issues that may come into play.
Learning Objectives
Create a firm environmen tthat focuses on quality control
Understand
the basic steps for monitoring and inspections
Establish quality
control systems based on the Quality Control Standards
Recognize
significant recurring engagement deficiencies and how to prevent them
Prepare for their next peer review - what decisions to makea nd how to
pull together the right information
Major Topics
What to Do Between Reviews to Maintain a Quality Control Environment
and Continually Prepare for the Next Review
Common Engagement
Deficiencies to Be Aware of and How to Prevent Them
Selection Process
- the Peer Reviewer and the Review Year End
Quality Control Standards
Overview
What You Need to Assemble for Your Reviewer
Peer Review
Wrap-Up Expectations
Solutions to Common Quality Control Issues
Course Level
Intermediate
CPE Field of Study
Auditing
4
Accounting
4
Prerequisites
Experience in providing audit, compilation and review services