Event Description

Upper-level reviewers have significant responsibilities for ensuring high-quality audit engagements. Unfortunately, deficient audits have serious negative consequences for both the CPA firm and the profession as a whole. This module highlights the most important considerations for those at all levels of the engagement team with quality control responsibilities on audit engagements.

Objectives

• Recall common peer review and quality control deficiencies on financial statement audits
• Recognize important quality management standards most directly relevant to audits
• Explain the importance of upper level workpaper reviews, including an objective engagement quality control review