Preparing and Reviewing Workpapers - Essential Tips for Avoiding Deficient Audit and Other Attest Engagements
8.00 Credits
Member Price $225
Non-Member Price $275
Overview
Workpapers are the primary support for findings, conclusions and opinions on any audit or other attest engagement. This course will provide the essential tips and techniques for ensuring workpaper documentation is of a high quality, yet efficient, nature.
Highlights
- Best practices for documenting complex and subjective procedures and conclusions, such as estimates, substantive analytic procedures, etc. that impact the nature and extent of audit documentation needed to support audit conclusions
- Discussing the financial statement audit risk concept, including how proper application better ensures a higher quality audit
- Tips for an efficient workpaper review process that complies with relevant standards
- Understanding the quality control standards and guidance related to a CPA firm’s responsibilities for its system of quality control
- Explain the importance of establishing, applying, and monitoring quality control policies and procedures related to audit documentation
Prerequisites
None
Designed For
Anyone who prepares or reviews workpapers
Objectives
- Identify minimum documentation requirements contained in the SSARSs, SASs and SSAEs
- Explain best practices for preparing and reviewing workpapers to ensure an effective and efficient engagement
- List the quality control standards and guidance related to a CPA firm’s responsibilities for its system of quality control over the audit practice
- Apply techniques in case studies and examples for preparing and reviewing workpapers
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Business Learning Institute
Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or parttime basis.
Most recently, Ms. Louis was executive vice president / director of trainingServices at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP.
Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an
instructor for the firm’s national “Train the Trainers” program.
Non-Member Price $275
Member Price $225