Audit & Attest Quality Matters that Should be on Your Radar - Avoiding Common Deficiencies in SAS, SSARS and SSAE Engagements

Overview

Quality management is important.  Every CPA firm that provides audit and other attest services must undergo a third-party quality control review.  This session will provide you with the tips on how to avoid common quality control deficiencies in all services that are subject to peer review.

Prerequisites

None

Objectives

• Describe the potential impact of risks faced by public accountants when performing audit and other attest services  
• Explain the results of the findings and recommendations made by the Center for Audit Quality and PCAOB as an outcome from quality control reviews
• Recall common peer review deficiencies in all types of attest engagements 
• Apply best practices for ensuring professional, technical, regulatory and ethical standards for various audit and other attest services

Highlights

• Applying professional skepticism to ensure quality work
• Meaningful risk assessment when designing work programs for various levels of services
• Proper planning and supervision of all engagements
• Accountant responsibilities for evaluating internal control
• Strengthening analytic procedures to support conclusions
• Complying with the Code of Professional Conduct and quality management standards