Audit 402: Audit Quality Control - Avoid Peer Review Issues
2.00 Credits
Member Price $89
Non-Member Price $109
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.
Highlights
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
Prerequisites
Experience preparing and reviewing workpapers
Designed For
Anyone with quality control responsibilities with audit or other attestation engagements.
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
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Business Learning Institute
Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or parttime basis.
Most recently, Ms. Louis was executive vice president / director of trainingServices at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP.
Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an
instructor for the firm’s national “Train the Trainers” program.
Non-Member Price $109
Member Price $89