Audit 306: Reviewing Workpapers - A Role in Quality Control

Overview

Reviewing Workpapers - Embracing Responsibilities for Quality Control will provide the tips and tools for satisfying important workpaper reviewer responsibilities. Audit documentation provides the principal support for an auditor’s report. Therefore, it is critical for workpaper reviewers to perform quality control procedures to ensure that technical, professional, and regulatory standards are met. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has workpaper review responsibilities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this course include:

• Documentation as a means of audit quality
• Responsibilities of the workpaper reviewer
• Appropriate review notes at various phases of the engagement, including before and after audit report date and report release
• Important tips for providing reviews notes that will promote an effective and efficient financial statement audit

Prerequisites

Experience preparing workpaper documentation

Designed For

Anyone who has workpaper review or quality control responsibilities on audits or other attest engagements

Objectives

After attending this presentation, you will be able to...

• Identify documentation as a means of audit quality
• Determine critical responsibilities of a first-level reviewer
• Distinguish common review notes at various phases of the audit

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by CPA Crossings. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.