Objectives
• Describe the potential impact of risks faced by public accountants when performing audit and other attest services
• Explain the results of the findings and recommendations made by the Center for Audit Quality and PCAOB as an outcome from quality control reviews
• Recall common peer review deficiencies in all types of attest engagements
• Apply best practices for ensuring professional, technical, regulatory and ethical standards for various audit and other attest services
Major Topics
• Applying professional skepticism to ensure quality work
• Meaningful risk assessment when designing work programs for various levels of services
• Proper planning and supervision of all engagements
• Accountant responsibilities for evaluating internal control
• Strengthening analytic procedures to support conclusions
• Complying with the Code of Professional Conduct and quality management standards
