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Public Accounting Firms: Enhancing Audit Quality & Improving Peer Review

PUBLIC ACCOUNTING FIRMS: ENHANCING AUDIT QUALITY & IMPROVING PEER REVIEW

This topic is intended for CPAs with an audit role in Public Accounting Firms. This course was previously titled: Work Smarter: Best Practices for Enhancing Audit Quality & Improving Peer Review
Cost Free
Presentation Length 1.0 hour

Recorded DateDecember 19, 2023
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Course Description

For CPAs in public accounting firms, substantial changes in auditing standards over the past few years have driven greater accountability and higher quality, from Clarified Audit Standards to the current implementation of SAS 145 New Risk Assessment Standard.

The result? Peer reviews have become more difficult as reviewers look for the improvements in audit quality demanded by current AICPA audit standards. Firms of all sizes need to understand the changes in the peer review program, their challenges, and how to overcome them. From understanding more about internal controls to properly assessing and linking risks, put simply, a good amount of peer-reviewed audits should be done better. Join our industry experts for insights on how to accomplish that. 

Without question, producing higher quality audits by improving risk assessment will help you deliver improved peer reviews. If you are a CPA firm audit partner, audit manager, or audit staff member interested in improving your audit quality and efficiency, join us to learn more.

Learning Objectives:


  • Recognize the most common missteps that occur in peer review that affect you the most 

  • Identify best practices and technology that will improve audit quality and efficiency 

  • Determine how to incorporate recommended habits into your audit workflow 

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Andrea Hearn is Technical Product Manager at Wolters Kluwer Tax and Accounting North America. Andrea works with customers and software teams to provide new audit products, new features and industry titles for CCH® ProSystem fx® Knowledge Coach and CCH® Axcess® Knowledge Coach. Andrea also works closely with the Wolters Kluwer Research and Learning team to ensure titles have optimal workflow for Knowledge Coach Customers.
 
Prior to joining Wolters Kluwer in 2006, Andrea worked as a business planning manager in the financial services industry and has a Masters Degree in Arts from York University.

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Carl Mayes

AICPA
Associate Director
carl.mayes@aicpa-cima.com
919-402-4955

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Carl Mayes is the Senior Technical Manager – Special Projects on the Public Practice and Global Alliances team at the American Institute of Certified Public Accountants (AICPA). He is responsible for managing practice quality initiatives for the AICPA including regulator quality studies, practice monitoring, and various technical and regulatory-focused projects. He is the project manager for the AICPA’s Enhancing Audit Quality initiative and manages the execution of the AICPA’s 6-Point Plan to Improve Audits.

Before joining the Public Practice and Global Alliances team, Mayes helped perform market research, develop the business plan and identify the membership model for the AICPA Not-for-Profit Section.

Rodney Harano

CW Associates
Accounting Services Partner
rharano@cwa.cpa

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Rodney was introduced to the accounting profession at Grant Thornton, and has nearly 40 years of experience in public accounting as a partner at CW Associates and as a sole practitioner and partner at other local accounting firms. He obtained a Master’s of Business Administration degree from Chaminade University after graduating from the University of Hawaii with a Bachelor’s degree in Accounting and is a certified public accountant, licensed in the State of Hawaii. He is a past president of the Hawaii Society of CPAs and was also Hawaii’s first member of the Board of Directors of the AICPA. He continues to serve on select committees of the AICPA. Rodney is also a past President of Oahu Country Club, former treasurer of the Honolulu Council of The Navy League, and is a current member of the Board of Trustees of Chaminade University.

About Our Presenter

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Wolters Kluwer Tax & Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy, and efficiency – so they maximize the impact they create for their clients. Our focus is giving tax and accounting professionals the ability to grow, manage and protect their business and their clients’ businesses in a fast-moving and ever-changing world. It means that firms can stay ahead of the pack, take advantage of new technologies, transform, and capitalize on new opportunities.

Wolters Kluwer Tax & Accounting is part of Wolters Kluwer (WKL), a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.