Catalogue

Description

Part 1: Accounting firm’s system of quality control

This course provides a comprehensive review of the quality control (QC) standards and emphasizes the following:

• Tailoring a QC system for your firms accounting and auditing practice that is appropriate and effective.
• Creating an environment focused on quality and continuous improvement through QC monitoring.
• Policies and procedures for each of the six elements of a QC system (QCPP).
• Getting beyond mere complianceto improve audit quality and increase profitability.

After completing this course, the learner should be able to:

• Identify the characteristics of a firm environment that is focused on quality Recognize the overarching objectives of the quality control (QC) standard.
• Recall the six elements of a QC system.
• Identify the required policies and procedures that support the objectives of the six QC elements.
• Select the types of controls most likely to help a firm meet the objective for each element of QC.
• Differentiate the types of controls needed in smaller versus larger firms.

Part 2: Accounting firm’s system of quality control

This course will be an overview of:

• Policies and procedures for each of the six elements of a QC system (QCPP).
• Getting beyond mere compliance to improve audit quality and increase profitability.

After completing this course, the learner should be able to:

• Identify the basics of monitoring Choose optional approaches for performing inspection and review procedures.
• Apply methods for monitoring the entire QC system, not solely the elements.
• Recognize how to document and communicate monitoring results.
• Recall how to document the QC system.
• Select ways to communicate QC policies and procedures to personnel.
• Determine the extent of written policies and procedures needed to support the QC system.
• Recall common peer review matters related to QC systems.