Seminar Course Description

Upcoming Peer Review: Is Your Firm Ready?

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Cromwell Connecticut Jun 04, 2019 CTCPA
Atlanta Georgia Jun 18, 2019 GSCPA
Chicago Illinois Aug 14, 2019 ICPAS
Bloomington Minnesota Oct 22, 2019 MNCPA
Las Vegas Nevada Jun 20, 2019 NVCPA
Reno Nevada Jun 21, 2019 NVCPA
Roseland New Jersey Jun 03, 2019 NJCPA
Albuquerque New Mexico Jun 18, 2019 NMSCPA
Morrisville North Carolina Jun 14, 2019 NCACPA
Oklahoma City Oklahoma May 16, 2019 OSCPA
Beaverton Oregon Jun 19, 2019 OSCPA
Glen Allen Virginia Jun 11, 2019 VSCPA

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 Objective

When you complete this course you will be able to:

  • Identify key planning steps in a system or engagement review.
  • Identify key points related to selecting your peer reviewer.
  • Identify some specific items your peer reviewer will be asking you to provide.
  • Identify specific elements of QC section 10, A Firm's System of Quality Control, and common matters and findings related to the elements.
  • Identify the elements of a letter of response or other firm responses.

Topics Dicussed

  • What to do between reviews to maintain a quality control environment and continually prepare for the next review
  • Common engagement deficiencies 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
<< Back

COURSE CODE

SNPR

FIELD OF STUDY

  • Auditing

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Intermediate

INTENDED AUDIENCE

Practitioners subject to peer review who are involved in performing accounting and auditing services for small and midsize businesses

PREREQUISITE

Experience in performing accounting and auditing services

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live, Self-Study On-Demand, Self-Study Text

Email course to a friendEmail course to a friend

Contact State Societies for Public Seminar Pricing and Additional Information

Copyright © 2006-2019 American Institute of CPAs.