Avoiding Deficiencies in Peer Reviews: Focus on Engagement Quality Webinar

Nov 23
1:30 - 5:30 p.m.

Online

4-A&A
CPE Credits

With the AICPA’s heightened focus on enhancing audit quality, increased oversight of the peer review process and the auditor’s overall responsibility to provide high quality services, the focus on compliance with professional standards has never been greater. Recent peer reviews have indicated that auditors are often failing to perform and/or document certain critical components of an audit such as the auditor’s assessment of risk and linking the results of the assessment to substantive procedures performed. In addition, auditors are not adequately documenting their consideration of fraud, expectations in analytical procedures and the appropriate level of work needed to understand an entity’s internal control. Now is time to revisit the way that auditors are performing and documenting the work performed to meet professional standards since nonconforming engagements can result in an auditor’s referral to the AICPA Ethics Committee. This course will focus on the most significant items resulting in deficiencies identified in the peer review process. We will also discuss the applicable audit standards, documentation requirements and best practices. The objective of the course is to provide the insights necessary to help an auditor improve not just the quality of their work but also the perception of the accounting profession as a whole.
Highlights

AICPA’s Enhancing Audit Quality initiative
Feedback from peer reviews, including areas driving deficiencies in audit
Elements of an effective risk assessment and how to link to audit procedures performed
Understanding internal controls and making the decision whether or not to test them
Best practices in documentation

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. ENQ4-2020-01-WEBNR-328-01

Level: Intermediate

Prerequisites: Experience in accounting and auditing

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.

Speaker(s)

Marci Thomas

Surgent McCoy CPE LLC

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