Auditing Bits in Bytes™ Session 8: Engagement Wrap-up and Quality Control Considerations (Included in catalog bundle)
Auditing Bits in Bytes™ - A Practical Break-Down of “Real World” Best Practices Applied in Highly Successful Audits is a series of eight individual sessions that guide professionals through the complete audit process from “A to Z” – starting with Pre-Engagement Planning Activities, and going all the way through Wrap-up and Quality Control.
Attempting to perform an effective and efficient audit can be intimidating and confusing, for new and experienced auditors alike. This series will provide valuable tips and techniques from an experienced auditor that are needed to successfully design and perform financial statement audits in “real-life” circumstances. Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement.
This 2-hour session emphasizes the key activities that ensure that appropriate quality control procedures were performed on the financial statement audit.
|1. Auditing Bits in Bytes™ Session 8: Engagement Wrap-up and Quality Control Considerations||-|
Upon completion of this course, participants will be able to:
Identify how to leverage the audit documentation and review process to ensure a quality and profitable engagement
Describe key activities that ensure appropriate quality control procedures were performed on the financial statement audit
Recognize common peer review deficiencies that quality control policies and procedures should seek to avoid
Audit Documentation & Review – Using the workpaper documentation and review process to ensure sufficient compliance professional, technical, ethical and regulatory standards
Statement of Quality Control Standards – An overview of the AICPA standard that clarifies and enhances quality control requirements for CPA Firms performing financial statement audits
Engagement Quality Control Review – When this may be necessary, who can perform most effectively perform this review, what he/she should review, and documentation considerations
Peer Review – Common deficiencies identified related to financial statement audits, and how CPA firms can strengthen quality control policies and procedures to combat them
Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Field of Study: Auditing
Recommended CPE Credit Hours: 2.0
Course Level: Basic
Designed For: Anyone who is new to auditing or desires a refresher in how to perform effective and efficient financial statement audits for non-issuers in accordance with professional and regulatory standards
Instructor: Jennifer Louis, CPA
Publication Year: 2017
Expiration Date: Course content is reviewed annually and revised with neccessary changes or else the course is removed.
Jennifer F. Louis, CPA has over 22 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical and engaging accounting and auditing training.
She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. She currently resides in Vienna, VA.