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Audit documentation provides the principal support for an auditor’s report. Therefore, it is critical for workpaper reviewers to perform quality control procedures to ensure that technical, professional, and regulatory standards are met. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits. This module will provide the tips and tools for satisfying these important workpaper reviewer responsibilities.
Major Topics:
- Documentation as a means of audit quality
- Responsibilities of the workpaper reviewer
- Appropriate review notes at various phases of the engagement, including before and after audit report date and report release
- Important tips for providing reviews notes that will promote an effective and efficient financial statement audit
Learning Objectives
- Discover and discuss documentation as a means of audit quality.
- Explore and explain critical responsibilities of a first-level reviewer.
- Identify and describe common review notes at various phases of the audit.
Included In Certifications
This course is included in the following Certification Programs:
13 CoursesAudit Training Certification - Level 3 - In-Charge/ Senior
- Fraud Trends - Applying Real-life Lessons to Small and Mid-Size Entities
- Reviewing Workpapers - Embracing Responsibilities for Quality Control
- Advanced Audit Planning Concepts - Ensuring an Effective and Efficient Audit
- Internal Controls to Mitigate Financial Reporting Risk - Designing Stronger Internal Controls for Small or Mid-Size Entities
- Auditing Revenue Recognition - Grasping the Higher Risks and Special Audit Considerations
- Auditing Contingencies and Going Concern Uncertainty - Testing for Completeness and Proper Disclosure
- Audit Reporting Advanced Concepts - Understanding the Impact of General Audit Procedures on Disclosures and Audit Report Modifications
- Critical Traits of a Thinking Auditor - Stretching Experienced Auditors Beyond the Basics
- Client and Engagement Management - Managing the Black Holes that Erode Profitability
- Supervisor Skills - Coaching Staff to Stay on the Right Track
- Professional Ethical Considerations for CPAs
- Accounting Update - Hot Topics for Preparing Current Period Financial Statements
- Auditing & Attest Update - Hot Topics for Current Period Audits and Other Attest Services
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Prerequisites
Prerequisite: Experience on basic audit engagements.
Designed For: Accountants responsible for reviewing workpapers for audit quality and profitability.