Objective
- Give tips for performing quality workpaper reviews and other quality control monitoring
- Explain important engagement quality control requirements
- Discuss how to increase the timeliness of engagement wrap-up
- Apply audit-report dating requirements
Highlights
- Leverage the workpaper review process to ensure compliance with audit documentation standards
- Emphasize the importance quality control monitoring to identify deficiencies in compliance with professional and regulatory standards
- Suggestions to mitigate “real-life” audit report dating issues/concerns encountered by audit firms (e.g., issuing multiple audit reports with an appropriate audit report date, subsequent events identified after audit report date but prior to report release date, sufficiently fulfilling the document completion date requirements, management representation letter dating, evaluating the sufficiency of attorney’s letter responses, etc.)
- How Yellow Book and Single Audit standards influence general audit procedures and issuing audit reports
Designed For
Anyone who supervises audits or is responsible for quality controlPrerequisite
NoneAdvanced Preparation
None