Learn the foundation of an effective peer review engagement and evaluation of a firm's system of quality control under the AICPA Practice- Monitoring Program. This course features realistic case studies that encompass the most important elements of a system peer review, as well as several case studies pertaining to an engagement review. As a current or future team and/or review captain, you learn to successfully plan for, perform, and report on both system and engagement reviews. You are also introduced to the adminitrative and committee roles in the peer review program.

Are you interested in becoming a peer reviewer?

Make the transition from auditor to peer reviewer and successfully conduct a peer review with the help of this mandatory training course.
Performing peer reviews has enhanced reviewers knowledge of professional standards, allowing them to provide better client service by observing and understanding techniques of other accounting firms.

Learning Objectives

When you complete this course you will be able to:

Explain the process of how to effectively plan system and engagement peer reviews.
Identify steps needed to understand a firm's system of quality control.
Document procedures used in testing the firm's system.
Prepare the peer review report.
Provide recommendations for follow-up action to the administrating entity.
Identify the impact and effect the organizational issues have on a firm's system of quality control.

Topics Discussed

Evaluation of a firm's system of quality control
Steps in a peer review engagement
Writing peer review reports
Assisting firms in preparing letters of response
Planning and conducting the exit conference
The role and qualifications of the peer reviewer in system and engagement reviews
Objectives and requirements related to peer reviews in a peer review program
Comprehensive system peer review case studies
Engagement reviews and their distinct differences from system reviews

CPE Credit: 16 (Accounting & Auditing)

Knowledge Level: Intermediate

Prerequisite Working knowledge and experience with the Statements on Quality Control Standards
Instructors:

María Morales Hernández, CPA, CGMA

Luis Martínez Renta, CPA, Partner, Zayas, Morazzani & Co.

Field of Study: Auditing

Intended Audience: Individuals who wish to serve as peer review team captains and review captains

Advanced Preparation: None

Delivery Method: Group Live

Special Note: A laptop computer and Internet connection is required for this class

Date: June 9 & 10, 2015

Registration: 8:00am – 8:30am Seminar: 8:30am – 5:00pm

Location: Colegio de CPA, Capital Center Center Building I, PH-2, Hato Rey

Enrollment Fee: AICPA Members $260 CPA, AICPA Non-Members $320 Others $350

Additional Charges: Registrations and payments received after June 6, $8pp

Materials: This course will be paperless and the materials will be distributed electronically. Once you enroll in the course you can access and download them through "Mi Perfil", on the Colegio’s website, within the 12 working hours prior to the start of the course, until midnight of the course’s date. Electronic devices may be brought to the classroom to access the downloaded materials.

Electronic evaluation: Once you have registered your entry to this educational activity, you can quickly and easily access and complete the evaluation through "Mi Perfil". On our website "Home" page you will find detailed instructions for completing the form.

Notes:

1. There will be no refund on cancellations once the participant has been handed the manual.

2. Applications will be received until May 29 at 9:00am. If you are late, please check with CISEC if there is space before you apply or intend to attend as a "walk-in".