Get Ready for Peer Review: Upcoming Peer Review - Is Your Firm Ready?

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Online registration for this course is now closed. Please contact the Member Service Center at (850) 224-2727 or (800) 342-3197 if you wish to inquire about registering.

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Overview

8 Credits
IN-PERSON

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.

Objectives

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.

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

Designed For

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

Prerequisite

Experience in providing audit, compilation and review services.

Sessions

Please select the appropriate session or option below to continue with your online purchase

Tuesday, December 2, 2014

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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.