QCTL
QUALITY CONTROL IN THE CPA FIRM: RECENT DEVELOPMENTS

This course provides an overview of ASB’s proposed “Statement on Quality Control Standards” (SQCS), which supersedes all existing standards in this area. It outlines the elements involved in quality control from the perspective of smaller CPA firms with limited professional staff and provides practical insights on such areas as client acceptance, independence and compliance with professional standards.

MAJOR TOPICS:

• Overview SQCS and the CPA’s obligations
• Elements of a system of quality control
• Leadership responsibilities
• Practitioner in charge
• Independence , objectivity and integrity
• Client acceptance and continuance
• Personnel policies
• Documentation and monitoring
• Standards for documentation
• Deadlines, retention and confidentiality
• Consultation and differences of opinion
• Monitoring
• Engagement quality control review
• AICPA’s risk based approach to independence

DESIGNED FOR: Accountants in public practice and industry who need to understand and implement the new practice standards for quality control

CPE CREDIT: 2 hours, Auditing

LEVEL OF KNOWLEDGE: Intermediate

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Surgent McCoy CPE, LLC
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