Overview
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. This module highlights the most important considerations for those with quality control responsibilities on audit engagements.
Major Topics:
- Common peer review deficiencies
- Important considerations of second-level and other upper-level reviewers
- Quality Control Standards requirements
- PCAOB Inspections
- Identifying potential peer review issues
Learning Objectives
- Discuss how to avoid common peer review comments
- Describe important quality control standards
- Explain the importance of upper level workpaper reviews, including engagement quality control review
Designed for:
Accountants with audit quality control responsibilities
Prerequisite:
Experience on complex audit engagements
Advanced Preparation:
None