Enhancing Audit Quality: Best Practices in Documenting and Reviewing Your Work

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SWLD-CR  |  In Person Training  |  Intermediate  |  Cancelled

Special Notes

IMPORTANT: ISCPA CPE course manuals are now all paperless. No printed copies will be distributed onsite. eMaterials will be available to download 5-7 days prior to the course in the My CPE Tracker section of the ISCPA website. Learn more here.

Here's what 2018 and 2019 attendees of this course had to say:

  •  "Very useful content and kept me interested throughout the day."
  • "The efficient workpaper review process was very good and I expect to use the materials as a reference in the future."
  •  "Perhaps the best auditing course I have taken in 29 years! I should have brought my entire staff."
  •  "Very practical and kept my attention."

Curriculum

  • Accounting & Auditing

Prerequisites

Involvement in supervision, review or other quality control functions.

Designed For

Public accounting professionals with audit supervision and review responsibilities.

Objectives

To provide tips and techniques for effective and efficient review of audit workpapers.

Highlights

  • Understanding the quality control standards and guidance related to a CPA firm’s responsibilities for its system of quality control over the audit practice.
  • The primary purpose of audit documentation, and minimum documentation requirements.
  • Tips for an efficient workpaper review process that complies with relevant standards.
  • How to audit financial statement areas that commonly contain significant judgments or conclusions that require supporting audit
    documentation, including when consultations may be appropriate.
  • Discussing the financial statement audit risk concept, including how proper application better ensures a higher quality audit.
  • Considering ethics as a critical element of high-quality workpaper reviews.
  • The critical role of the engagement partner related to the overall quality of an engagement.
  • The responsibilities of the engagement quality control reviewer in evaluating the significant judgments the engagement team made
    and conclusions reached in formulating the report.
  • The importance of monitoring compliance with engagement quality control policies and procedures.
This event has been canceled. If you have any questions or concerns related to this event give us a call at 515-223-8161.

Instructors

William I. Eskin

Show Bio

Bill is very active in the accounting, auditing, and fraud investigation fields where he may be best known for identifying and proving CPA malpractice. In addition, Bill is a discussion leader for the AICPA and Surgent where he leads numerous courses and webcasts in the fields of GAAP, GAAS and SSARS compliance, fraud detection and prevention. In 2008, 2009, 2010, 2011, 2013, 2014, 2015, and 2016 Bill was presented with the Outstanding Discussion Leader Award by the AICPA and by Surgent.

Previously, Bill was the director of financial analysis and investigation for the world’s largest surety group. He worked with claims attorneys and underwriters in analyzing complex surety issues, investigating and reducing potential claim exposure, and maximizing recoveries principally through identifying and proving CPA malpractice.

Bill’s professional experience includes more than 12 years of experience working for various CPA firms in the mid-Atlantic region where he specialized in construction, real estate, litigation support and other services.

Bill has been a featured speaker at the AICPA National Construction Conferences for the past 18 years, numerous state CPA society conferences, the National Association of Surety Bond Producers, various CFMA chapters, CICPAC, numerous CPA firms, and various other organizations.

Bill also assists each year in the authoring and review of the AICPA Construction Audit Guide Alert and the AICPA Construction Industry Update.

Recently, Bill has published numerous books in the areas of GAAP. GAAS, Tax, Construction, and Real Estate accounting.

Bill lives with his wife and family outside of Baltimore, Maryland.

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