Audit 402: Audit Quality Control - Avoid Peer Review Issues
March 20, 2025
Webinar
2 CPE Credits
Instructor
Jennifer Louis
Audit 402: Audit Quality Control - Avoid Peer Review Issues
View Bio
Instructor
Jennifer
Louis
View Bio
Jennifer Louis
Bio
Jennifer F. Louis, CPA
Jennifer F. Louis, CPA has over 14 years of experience in designing and presenting high-quality training programs in a wide variety of technical and "soft skills" topics needed for professional and organizational success. In 2003, she co-founded Emergent Solutions Group, LLC, a consortium of professionals serving organizations on a project or part-time basis, to create a division dedicated to training services. She was most recently Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly respected training and consulting firm serving the audit profession. During her six years at AuditWatch, Ms. Louis served in many other capacities, including Vice President of Product, and instructor and consultant for the firm's Audit Productivity Improvement ProgramTM and various other training courses. She also co-authored a manual on value-added auditing.
Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm's Washington, D.C. office, she served as an instructor for the firm's national "Train the Trainers" program.
Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting. She is also a member of several prestigious professional associations.
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.
Learning 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
CPE Credits Available
2 CPE Credits
2
Auditing
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
A&A
Advanced Preparation
None
Intended Audience
Anyone with quality control responsibilities with audit or other attestation engagements.