Are You Ready for Your Peer Review?

Description

Gain an understanding of the peer review process and learn what you can do to prepare for your next peer review. We will compare the process for undergoing a System Review with that of an Engagement Review and address recent peer review guidance impacting both. You will learn about the required elements of quality control and the impact they have on reviewed firms. Also, find out about the most common areas of noncompliance with professional standards uncovered by peer reviewers and how you can avoid them.

Learning Objectives

*Identify steps in the peer review process *Identify ways to prepare for your peer review *Identify ways to get value from your peer review *Determine common areas of noncompliance with professional standards

Major Topics

Peer review process and timeline
*Quality control standards overview *Enhancing Audit Quality initiatives *Common issues identified in peer review and how to prevent them *Best practices to prepare for your firm’s peer review *Resources and tools

Provider
AICPA
Course Level
Intermediate
Professional Area of Focus
Accounting and Auditing
Accounting & Auditing
CPE Field of Study
Auditing
1.5
Specialized Knowledge
1.5
Who Should Attend

Firms subject to peer review

Prerequisites

A fundamental knowledge of performing A&A engagements and peer review

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
May 11, 2022
1:00 pm - 4:00 pm EDT
Location
Online – AICPA Platform
Total CPE Credits
3
Format
Webcast Replay

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$139.00

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$169.00
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Are You Ready for Your Peer Review?


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