Are You Ready for Your Peer Review?

Overview

Be ready for your peer review!

The peer review process is an effective way to monitor practice quality, ensuring that your firm meets high standards while protecting the public interest. 

Gain a better understanding of the overall peer review process and learn how to fully prepare for your triennial review.

This webcast will help you:

• Understand and compare the system and engagement review processes
• Address recently issued peer review guidance and quality control requirements
• Learn how both guidance and requirements affect your firm

You will also discover the most common areas of noncompliance with professional standards and how to avoid them well before your review is due. Participants will leave this session with the resources and tools to enhance their firm's peer review quality.

Prerequisites

A fundamental knowledge of performing A&A engagements and peer review

Objectives

• Distinguish the steps included in the peer review process.
• Determine ways to prepare for your peer review.
• Analyze ways to get value from your peer review.
• Determine common areas of noncompliance with professional standards.

Highlights

• Peer review process and timeline
• Quality control standards overview
• Enhancing Audit Quality initiatives
• Common issues identified in peer review and how to prevent them
• Best practices to prepare for your firm’s peer review
• Peer review resources and tools