August 22, 2018


In-Person

City of Pelham Pelham Civic Complex


8 Total CPE Credits

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Enhancing Audit Quality: Best Practices in Documenting and Reviewing Your Work

  • Instructor

    Gregory Clark

Learning Objectives

  • Describe the most important financial statement audit documentation requirements
  • Discuss areas of critical auditor judgments that impact the extent of audit documentation needed to support audit conclusions
  • Explain the importance of establishing, applying, and monitoring quality control policies and procedures related to audit documentation
  • Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning points throughout the course

Major Topics

  • Understanding the quality control standards and guidance related to a CPA firm's responsibilities for its system of quality control over the audit practice
  • The primary purpose of audit documentation, and minimum documentation requirements
  • Tips for an efficient workpaper review process that complies with relevant standards
  • How to audit financial statement areas that commonly contain significant judgments or conclusions that require supporting audit documentation, including when consultations may be appropriate
  • Discussing the financial statement audit risk concept, including how proper application better ensures a higher quality audit
  • Considering ethics as a critical element of high-quality workpaper reviews
  • The critical role of the engagement partner related to the overall quality of an engagement
  • The responsibilities of the engagement quality control reviewer in evaluating the significant judgments the engagement team made and conclusions reached in formulating the report
  • The importance of monitoring compliance with engagement quality control policies and procedures

CPE Credits Available

8
Total CPE
8
Accounting & Auditing

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • A & A

Prerequisites

Involvement in supervision, review, or other quality control functions.

Advanced Preparation

None

Intended Audience

Public accounting professionals with audit supervision and review responsibilities

Provider

Surgent McCoy CPE

This event has ended.