Upcoming Peer Review: Is Your Firm Ready?

  • Date/Time
    • Jun 19, 2018
    • Sign In: 7:45am (Mountain Time)
    • Program: 8:00am - 3:45pm (Mountain Time)
    • Add to Calendar
  • Location
    • ISCPA Training Facility- 1st Floor
      1649 W Shoreline Drive
      Boise, ID 83702
    • Map
  • Credits
    • 8.00
  • Credit Type(s)
    • Auditing (8.00)
  • Prerequisites
    • Experience in performing accounting and auditing services

  • Vendor
    • AICPA
  • Level
    • Intermediate
  • Fields of Study
    • Accounting & Auditing
  • Message
    • 1/2 hour lunch included

Description

What does it take to have an effective quality control system that leads you to a clean, unmodified peer review report? Find out how to prepare for your next review and 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 performing accounting and auditing services for small and midsize businesses

Objectives

  • Recall how to create a firm environment that focuses on quality control.
  • Recognize the basic steps for monitoring and inspections.
  • Recall key considerations related to establishing a quality control system based on the Quality Control Standards.
  • Recognize significant recurring engagement deficiencies and how to prevent them.
  • Identify how to prepare for your next peer review – decisions to make and pulling together the right information.

Highlights

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

Advanced Prep

Download manual and test usability prior to morning of seminar


Registration Details

Registration is closed. Please contact ISCPA at 208-344-6261 or email cpe@idcpa.org if you have any questions.

Leaders

Bruce Shepard

Bruce Shepard, CPA Las Vegas, Nevada

Bruce Shepard was most recently an assistant professor of accounting at George Fox University and an adjunct professor of accounting at the University of Oregon, prior to becoming an instructor for the AICPA in 2012. From 2006-2010, Mr. Shepard was the Chief Financial Officer of Las Vegas Gaming, Inc. in Las Vegas, Nevada, where he had full management responsibility for all financial affairs, daily business operations, administration and human resources. From 1985-2006, Mr. Shepard was in charge of the Middle Market Practice for PricewaterhouseCoopers, LLP in Portland, Oregon, where he served as an Assurance Partner from 1989-2006 focusing on providing proactive business advisory services to fast-growing companies.

At PricewaterhouseCoopers, LLP, Mr. Shepard spearheaded over 100 acquisitions and divestitures by leading in the financial structuring and negotiations. He worked with clients to develop strategic plans for short-term and long-term growth. He assisted both start-up companies and beyond start-up companies with attaining their needed growth capital. Mr. Shepard wrote an article, Financing Entrepreneurs, in 1999 for the Oregon Society of Certified Public Accountants. Mr. Shepard was awarded “Beta Alpha Psi Professional of the Year” in 2006 for sustained involvement with the University of Oregon.

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