Events Search
  Summary & Check Out (0)
Monday, June 3, 2019 Live

Upcoming Peer Review: Is Your Firm Ready? (E1906081)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

What does it take to have an effective quality control system that leads you to a clean, unmodified peer review report? Prepare for the review itself and learn what can be done on a daily basis to create a strong quality control environment for your firm. Identify the most common, significant deficiencies that peer reviews uncover and what you can do to prevent them from occurring in your firm. Consider the process for selecting the appropriate peer reviewer and determine the right review year-end for your firm. If you have specialized engagements, such as governmental units, not-for-profit organizations, construction contractors, or employee benefit plans, this course examines the additional issues that may come into play.

DESIGNED FOR

Practitioners subject to peer review who are involved in compiling, reviewing or auditing financial statements of small and mid-size businesses.

BENEFITS

Participants will Identify:
  • Key planning steps in a system or engagement review
  • Key points related to selecting your peer reviewer
  • Some specific items your peer reviewer will be asking you to provide
  • Specific elements of QC section 10, A Firm's System of Quality Control and common matters and findings related to the elements
  • Elements of a letter of response or other firm responses

HIGHLIGHTS

  • What to do between reviews to maintain a quality control environment and continually prepare for the next review
  • Common engagement deficiencies to be aware of and how to prevent them
  • Selection process - the peer reviewer and the review year-end
  • Overview of the quality control standards
  • What you need to assemble for your reviewer
  • Peer review wrap-up expectations
  • Solutions to common quality control issues

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in providing audit, compilation and review services.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Raymond Nowicki

Raymond M. Nowicki, CPA

Raymond M. Nowicki, CPA

Raymond M. Nowicki, CPA Buffalo, New York

Raymond M Nowicki, CPA is Managing Partner at Nowicki and Company, LLP , the 20th largest CPA firm in Western New York a CPA and he specializes in auditing, accounting, litigation support and quality control services. As the firm’s quality control partner, he is actively involved performing audits for commercial entities (i.e. manufacturing, wholesaling, retailing, broker-dealers, etc.) non-for-profits and ERISA engagements. His firm has successfully undergone multiple reviews under the stringent NPRC process.

He is Team Captain –qualified and performs approximately 100 peer reviews in New York, New Jersey, and Pennsylvania in a 3 year cycle. The firm is the second largest peer review practice in New York State.

Nowicki is a current member of the National Peer Review Committee ( NPRC), former member of the AICPA Peer Review Board (2002-2004), author of the AICPA National Training Manuals for Basic and Advanced Peer Review Skills (2010-2013), and member of the NYS Society of CPA’s Peer Review Committee for the AICPA (March 1995 to present). He has done multiple tours of duty as a Vice-Chairman of Oversight for the New York Committee, allowing him a unique opportunity of testing the peer reviewers.

Nowicki has been a featured instructor for the AICPA Basic and Advanced Peer Review Training and Peer Review Update courses, the AICPA Advanced Auditing of Defined Contribution Plan certificate program, and the AICPA Peer Review Conference. In presenting the Basic Peer Review Course, Ray has been dubbed “The Master Sergeant” in New York for his entertaining approach to teaching new recruits the true meaning of peer review, and has developed some interesting phrases that help his students master the skills needed for the peer review process. However, some of his classmates have been known to complain about doing pushups during class.

Even though Ray received his CPA license in 1979, so you can guess his age, his classmates have commented on his limitless energy and high impact approach to giving students a new awareness of the importance of their profession and its relationship to serving the public trust.

PRICING

$279.00 - Member

$379.00 - Nonmember

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs

AREAS OF INTEREST