Gain a better understanding of the AICPA peer review program and how to prepare your firm for peer review.
A peer review report with a rating of 'pass' is a great asset to a firm - quality should be of the utmost importance. This webinar is intended to provide attendees with a better understanding of the AICPA peer review program and how to prepare the firm for peer review. We will discuss peer review standards and how they apply to firms providing attestation and other engagements. We will walk through the peer review process, discuss what documentation the firm needs to have available, and what questions the peer reviewers might have. We will share examples of common findings from peer review, discuss what things might rise to the level of a deficiency, and go over potential corrective actions and remediation. Finally, we will share some resources to consult with as you move forward.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Peer Review Standards Overview
- When a Peer Review Is Required
- What Is a Peer Review and Types
- Peer Review and Quality Control Standards
What to Expect During a Peer Review
- Must-Select Industries
- Process and Timeline
- Closing and Exit Conferences
Understanding Peer Review Results -
- Types of Reports
- Types of Findings
- Common Deficiencies
- Corrective Actions and Implementation Plans
Preparing for Your Next Peer Review
- Adequate and Implemented Methodologies/Practice Aids
- Adequate and Implemented Quality Control Policies and Procedures
- Brief Discussion of Implementing New SQMS and AICPA Resources
Resources and Tools
- Finding a Peer Reviewer
- Checklists to Use for Monitoring
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 4, 2024.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
LeAnne Goode, CPA, MBA
Anglin Reichmann Armstrong, P.C.
Meg Hampton, CPA, MAcc
Anglin Reichmann Armstrong, P.C.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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