×

CPE Self-Study

Upcoming Peer Review: Is Your Firm Ready?

Publisher: AICPA
  • $149.00-$189.00
    Upcoming Peer Review: Is Your Firm Ready? In Stock Product #: 731968
    AICPA Member: $149.00
    Non-Member: $189.00
  • $109.00-$139.00
    Upcoming Peer Review: Is Your Firm Ready? Online Access Product #: 163432
    AICPA Member: $109.00
    Non-Member: $139.00

What does it take to have an effective quality control system that leads you to a clean, unmodified peer review report?

With this CPE course, find out how to prepare for your next review and what can be done on a daily basis to create a strong quality control environment for your firm. Identify the most common significant deficiencies that peer reviews uncover and what you can do to prevent them from occurring in your firm. Consider the process for selecting the appropriate peer reviewer and determine the right review year-end for your firm. If you have specialized engagements, such as governmental units, not-for-profit organizations, construction contractors, or employee benefit plans, this course examines the additional issues that may come into play.

Key Topics

  • What to do between reviews to maintain a quality control environment and continually prepare for the next review
  • Common engagement deficiencies and how to prevent them
  • Selection process—the peer reviewer and the review year-end
  • Quality control standards overview
  • What you need to assemble for your reviewer
  • Peer review wrap-up expectations
  • Solutions to common quality control issues

Learning Objectives

This course will prepare you to:

  • Recall how to create a firm environment that focuses on quality control
  • Recognize the basic steps for monitoring and inspections
  • Recall key considerations related to establishing a quality control system based on the Quality Control Standards
  • Recognize significant recurring engagement deficiencies and how to prevent them
  • Identify how to prepare for your next peer review – decisions to make and pulling together the right information

Who Will Benefit?

Practitioners subject to peer review who are involved in compiling, reviewing, or auditing financial statements of small and midsize businesses

System Requirements

About the Authors

Jim Woy, CPA



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.