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.
|Tuesday, December 02, 2014
|8:30am - 4:30pm (Registration at 8:00am )
|8 Accounting and Auditing
|Accounting, Auditing, and Assurance
Create a firm environment that 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 make and how to pull together the right information.
- 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
Practitioners subject to peer review who are involved in compiling, reviewing, or auditing financial statements of small and midsize businesses.
Experience in providing audit, compilation and review services.
FICPA Seminar EZMaterials! Instead of picking up paper manuals at the event, you’ll be able to download the EZMaterials as searchable PDFs to your laptop, tablet or other device seven days before the event. For an additional fee you may choose to purchase a hardcopy of the seminar manuals. If requested during registration at least eight days prior to the course, your hardcopy will be available for pickup at the event. Click here for more information.
Early Bird Price:
$280 FICPA Members, $405 Non-Members
Regular Price on 11/23/2014:
$335 FICPA Members, $460 Non-Members