Auditing Bits in Bytes™ Session 8: Engagement Wrap-up and Quality Control Considerations

Overview

This 2-hour session emphasizes the key activities that ensure that appropriate quality control procedures were performed on the financial statement audit.

Highlights

Key Topics

• Audit Documentation & Review - Using the workpaper documentation and review process to ensure sufficient compliance professional, technical, ethical, and regulatory standards
• Statement of Quality Control Standards - An overview of the AICPA standard that clarifies and enhances quality control requirements for CPA Firms performing financial statement audits
• Engagement Quality Control Review - When this may be necessary, who can perform most effectively perform this review, what he/she should review, and documentation considerations
• Peer Review - Common deficiencies identified related to financial statement audits, and how CPA firms can strengthen quality control policies and procedures to combat them
• Extensive illustrative examples and exercises will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement

Prerequisites

None

Designed For

Who Will Benefit

Anyone who is new to auditing or desires a refresher in how to perform effective and efficient financial statement audits for non-issuers in accordance with professional and regulatory standards