A Potpourri of Time Savings on Audits—Part 1

CPE Credit: 2 hours

The Saving Time on Audits course covers quality control and auditing issues that affect audit engagement planning, performance and completion. These topics collectively offer opportunities for improving both audit engagements and CPA firm profitability.

Topics Covered

• Quality control
• Auditing Issues that affect audit engagement planning
• Client evaluations
• Approaches used to increase audit profits

• Recognize the elements of a quality control system
• Identify the reasons for and activities associated with client evaluations
• Recall the peer review requirements for purchased practice aids
• Recognize the activities involved in each step in the audit planning process
• Identify the approaches used to increase audit profits
• Recall the methods used to conduct on-the-job training
• Note the process for altering an audit program