Description: 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.
Learning Objectives:
- 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.
Program Content:
- 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
Who should attend: 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.
Program Level: Intermediate
Developed By: Van Der Aa Tax Ed, LLC
Instructor: Dr. Chris Harper, CPA
CPE Credit: 2.5
Field of Study: Auditing
Prerequisites: Basic working knowledge of financial statement preparation and professional engagement documentation.
Advanced Preparation: None
Dr. Christopher J. Harper, CPA, MBA
Chris is a CPA with the heart of a teacher. He is a clinical assistant professor of accounting with Grand Valley State University’s Seidman College of Business. He also serves as a senior manager and director of education for Hungerford CPAs + Advisors. Chris has been serving tax and accounting needs of closely held business and individuals since 1998.
Only registered attendees have access to the course materials.