Course Information

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Quality Control Issues in an Audit and Accounting Practice
Author: Perry M. Henderson, CPA, MPA

Description:
This course provides a summary of key provisions of SQCS 7 and commentary on selected "hot button" issues in quality control, based on the six elements of quality control as set forth in SQCS 7. It offers practical, implementation-oriented guidance for addressing those issues. SQCS 7 applies to all AICPA firms that provide accounting, auditing, or attestation services, or services under Government Auditing Standards.

SQCS 7 creates the requirement that all firms must now have documented systems of quality control. It also adds a new element of quality control, "Leadership Responsibilities for Quality Within the Firm," commonly called "Tone at the Top." The new standards further introduce a new requirement for a pre-issuance review, called an engagement quality control review, which is to be performed on selected engagements based on firm-established criteria.

Course Details:
Price:  $51.00
Field of Study:  Auditing
Prerequisites:  Basic knowledge of accounting and auditing standards and basic familiarity with the concepts of quality control for an auditing or accounting practice
Level:  Intermediate
Course was last updated on:  07/10/2009
Library:
Learning Center Core
Accounting and Audit

Technical Requirements:
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Credit Available For: Units
CPE 3.00 CPE
QAS 3.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.