Product Image

How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program

Author/Moderator: Carl Mayes, CPA and LaShaun King, CPA
Publisher: AICPA
Availability: In Stock
See Below To Add To Cart
View Online Catalog
Divider
Print This Page
Divider

Description

Available Formats:  Text | See All

Learn the foundation of an effective peer review engagement and evaluation of a firm’s system of quality control under the AICPA Practice-Monitoring Program. This CPE course features realistic case studies that encompass the most important elements of a system peer review, as well as several case studies pertaining to an engagement review. As a current or future team and/or review captain, you learn to successfully plan for, perform and report on both system and engagement reviews. You are also introduced to the administrative and committee roles in the peer review program.

Topics Discussed:

  • Evaluation of a firm’s system of quality control
  • Steps in a peer review engagement
  • Writing peer review reports
  • Assisting firms in preparing letters of response
  • Planning and conducting the exit conference
  • The role and qualifications of the peer reviewer in system and engagement reviews
  • Objectives and requirements related to peer reviews in a peer review program
  • Comprehensive system peer review case studies
  • Engagement reviews and their distinct differences from system reviews

Learning Objectives:
When you complete this course, you will be able to:

  • Explain the process of how to effectively plan system and engagement peer reviews.
  • Identify steps needed to understand a firm’s system of quality control.
  • Document procedures used in testing the firm’s system.
  • Prepare the peer review report.
  • Provide recommendations for follow-up action to the administrating entity.
  • Identify the impact and effect that organizational issues have on a firm’s system of quality control.

Who Will Benefit?
Individuals who wish to serve as peer review team captains and review captains

Prerequisite: Working knowledge and experience with the Statements on Quality Control Standards

Advanced Preparation: None

Table of Contents

Excerpts

Videocourse Details

NASBA Field of Study: Auditing
Level: Intermediate
Recommended CPE Credit: 10
How to Conduct a Peer Review Under the AICPA Practice-Monitoring Program
Text , 2014
Product# 736501
Availability: In Stock
Regular:$193.75
AICPA Member:$155.00
Your Price:$193.75
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.