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Auditing Your Auditor -- How to Score the Biggest ROI (SCOR)

Thursday, October 5, 2017
08:00 PM - 10:00 PM (Eastern)

Jen Louis, CPA

  • Format Webinar
  • Credits 2
  • Level Basic
  • Field of Study Auditing (2)

Overview

Your financial statement audit entails a major investment of time, effort and cost. Are you getting all the value you can from the process? Would you know if you were not? At this two-hour webinar you’ll learn exactly what you should be evaluating, and how to go about it.

Major Topics:

  • Review important considerations in measuring quality, value and efficiency of auditor services, including the following:
    • Does your auditor apply efficiency best practices to both manage fees and enhance the ability to be a better business advisor?
    • Is your auditor at risk of violating quality control standards, such as the issues identified through the PCAOB's Inspections and the AICPA's Peer Review Program?
    • Does your auditor provide value-added services, such as meaningful financial analysis, useful governance education and competitive intelligence?
  • Bonus Content - Rate Your Auditor Scorecard! This course includes a unique scorecard to rate your financial statement auditor's performance in many critical areas, such as:
    • Applying best practices for balancing quality and efficiency for the most risk-based audit approach possible.
    • Providing insights into improving internal controls to better satisfy financial reporting objectives, but also to help achieve entity-specific objectives related to compliance, strategy and operations.
    • Maximizing proven project management techniques to best manage audit fees.
    • Being a value-added business advisor, while maintaining necessary independence and objectivity.

Learning Objectives

  • Discuss how you can evaluate whether your auditor is giving you the most value for your fees
  • Describe best practices for the most effective and efficient financial statement audit
  • Explain how auditors can (and should) support a client's success, while complying with the constraints of professional and ethical standards

Who should take this course:

Business and industry CPAs who oversee or participate in the financial statement audit

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