Cover the basic requirements of a peer review performed in accordance with AICPA's Peer Review Standards for firms that perform preparation, compilation, and review engagements. Topics include the documents reviewed by peer reviewers, the evaluation of the engagements, types of matters and peer review reports, the administrative process, peer review committee involvement, and requirements of the state boards of accountancy.
DESIGNED FOR
Members in Public Accounting
BENEFITS
After completing this course, you will be able to...
- Recognize basic tenets of engagement reviews performed in accordance with the AICPA Peer Review Standards.
- Recall tips to make sure that your firm has a successful peer review.
HIGHLIGHTS
The major topics covered in this class include:
- Basic requirements of an engagement review.
- Qualifications for serving as a peer reviewer.
- Involvement of peer review administrators and technical staff, peer review committees,
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None