Audit 307: Client and Profitable Engagement Management

Overview

Client and Engagement Management - Managing the Black Holes That Erode Profitability will provide guidance on how to maximize return on time spent with critical areas, such as budgeting, scheduling, client assistance, and delegation. Sound client and engagement management can influence both the effectiveness and efficiency of an audit engagement. 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 responsibilities for client and audit engagement management. 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:

• Importance of quality control on audits
• Why engagement budgets are not used, and how to overcome the barriers to success
• Determining useful budget amounts to use as a tool
• Better engagement scheduling tips for improved efficiency
• Making sure the client is ready on the first day of the audit
• Delegating for professional development and leveraging audit hours
• Handling difficult delegation scenarios
• Better engagement wrap-up tips and techniques

Prerequisites

None

Designed For

Accountants with responsibility for clients and engagements

Objectives

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

• Identify critical responsibilities for client and engagement management
• Recall guidelines for better engagement budgeting and scheduling
• Identify supervision and delegation techniques
• Recognize best practices for wrapping up engagements on time and within budget

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.