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Date / Time / Location

Tuesday, December 11, 2018
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Education Center425 Eagle Rock Avenue,
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 8.00 CPE Credits in AA

Pricing

  • $279.00 - Member
  • $379.00 - Non Member

Course Developer

Reviewing workpapers is a critical internal quality control safeguard that ensures issued audit reports are appropriate given the specific engagement’s circumstances. There is a presumption that more experienced engagement team members should review work performed by less experienced staff. But, even sole practitioners must be concerned about complying with quality control standards and proper ethical conduct. This course will provide tips and techniques for effective and efficient review of audit workpapers, the success of which heavily depends on an auditor’s proper application of critical financial statement audit concepts such as assessing audit risk, applying strong substantive analytical procedures, and evaluating areas of estimates and uncertainty.

Designed For

Public accounting professionals with audit supervision and review responsibilities.

Benefits

  • Describe the most important financial statement audit documentation requirements
  • Discuss areas of critical auditor judgments that impact the nature and extent of audit documentation needed to support audit conclusions
  • Explain the importance of establishing, applying, and monitoring quality control policies and procedures related to audit documentation
  • Be familiar with the results of the numerous case studies, exercises and illustrations that reinforce key learning points throughout the course

Highlights

  • Understand the quality control standards and guidance related to a CPA firm’s responsibilities for its system of quality control over the audit practice
  • 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 strong supporting audit documentation, including when consultations may be appropriate (e.g., substantive analytical procedures and estimates)
  • 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
  • Critical role of the engagement partner related to the overall quality of an engagement
  • Responsibilities of the engagement quality control reviewer in evaluating the significant judgments the engagement team made and conclusions reached in formulating the report
  • Importance of monitoring compliance with engagement quality control policies and procedures

Prerequisites

Involvement in supervision, review or other quality control functions.

Advance Preparation

None

Additional Notes

NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.
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Melissa Critcher

Melissa G. Critcher, CPA, PC
AICPA/Professional Development Institute

Melissa G. Critcher has her own firm located in the Charlotte, North Carolina area that focuses on auditing employee benefit plans, plan sponsor support, CPA firm technical review, and various other accounting and consulting services. She has extensive experience in auditing and accounting, which includes manufacturing, professional service, healthcare, and retail industries, with a specialization in employee benefit plans. She is an author and instructor of continuing education courses for various organizations, including the North Carolina Association of CPAs (NCACPA) and the AICPA, both of which have recognized her as an Outstanding Discussion Leader. Melissa’s career began with a small, local CPA firm in North Carolina, and she has since worked for various sized accounting firms across North Carolina during the course of her career. She has been providing auditors with the fundamentals and techniques necessary in order to properly audit defined contribution and defined benefit plans for more than 20 years. Her auditing background includes performing engagements for various size benefit plans, both limited and full scope audits, as well as evaluating Service Organization Control reports. Melissa graduated from Appalachian State University with a Bachelor of Science degree in Business Administration specializing in Accounting. She is a member of the NCACPA and other professional organizations.

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