Audit 402: Audit Quality Control - Avoid Peer Review Issues

Thursday, January 23, 2025
Webcast or Webinar, Online
1:30 PM - 3:30 PM (opens at 1:00 PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/CX45755
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Auditing

Overview:

Audit Quality Control - Avoiding Peer Review Deficiencies highlights the most important considerations for those at all levels of the engagement team with quality control responsibilities on audit engagements. Upper-level reviewers have significant responsibilities for ensuring high-quality audit engagements. Unfortunately, deficient audits have serious negative consequences for both the CPA firm and the profession as a whole. Note: This course is recommended as a part of a 16-hour audit skills curriculum for supervisory or managerial auditors, while it is also appropriate for anyone who has quality control responsibilities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:

After attending this presentation, you will be able to...

  • Identify common peer review and quality control deficiencies on financial statement audits
  • Determine important quality control standards most directly relevant to audits
  • Analyze the importance of upper level workpaper reviews, including an objective engagement quality control review

Major Topics:

The major topics covered in this course include:

  • Common peer review deficiencies that quality control reviewers should be alert to
  • Important considerations of second-level and other upper-level reviewers
  • Lessons learned from various regulatory oversight reviews
  • Statement of Quality Control Standards requirements specific to financial statement audits, and other regulatory oversight considerations

Major Topics:

The major topics covered in this course include:

  • Common peer review deficiencies that quality control reviewers should be alert to
  • Important considerations of second-level and other upper-level reviewers
  • Lessons learned from various regulatory oversight reviews
  • Statement of Quality Control Standards requirements specific to financial statement audits, and other regulatory oversight considerations

Designed For:

Anyone with quality control responsibilities with audit or other attestation engagements.

Prerequisites:

Experience preparing and reviewing workpapers