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Upcoming Peer Review: Is Your Firm Ready? (Self-Study)

Code: JISNPR

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 4.5
Field(s)
of study
Auditing - Technical (4.5)
Fees
Standard member fee $79.00
checkmarkStandard nonmember fee $99.00

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Description

This CPE course will help you identify and prevent the most common significant deficiencies that peer reviews uncover, implement a process to select the appropriate peer reviewer, and determine the right review year-end for your firm. This course also examines the additional issues that may come into play if you have specialized engagements such as governmental units, not-for-profit organizations, construction contractors, or employee benefit plans.

Who should take this program?

Practitioners subject to peer review who are involved in compiling, reviewing, or auditing financial statements of small and midsize businesses

Major subjects

  • 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

Learning objective(s)

  • Create a firm environment that focuses on quality control
  • Understand the basic steps for monitoring and inspections
  • Establish a quality control system based on the Quality Control Standards
  • Recognize significant recurring engagement deficiencies and how to prevent them
  • Prepare for your next peer review -- decisions to make and pulling together the right information

Notes:

Course code Code JISNPR
Sponsor AICPA
NASBA ID#: 112891
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None