Have you ever wanted to reduce the number of financial statement review points you receive? Have you ever been curious about a reviewer’s thought process? This session will help you understand the role of an engagement quality control reviewer. You will leave this session understanding the role of an engagement quality control reviewer, and an appreciation of best practices to minimize your exposure to critique when your work is subject to review.
DESIGNED FOR
Anyone whose work is subject to supervisory or quality control review. Particular emphasis will be devoted to EQCR of financial statement engagements in the context of public accounting
BENEFITS
- Understand the AICPA’s guidance regarding engagement quality control reviews (EQCRs)
- Appreciate the major considerations that may be involved in an engagement review
- Develop a working knowledge that allows you to begin to think like a reviewer.
HIGHLIGHTS
- AICPA professional standards
- EQCR expectations
- Firm-specific considerations
- Best practices for mitigating the frequency of review points
- Best practices for mitigating the severity of review points
- Examples of common EQCR deficiencies
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of financial statement preparation and professional engagement documentation
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).