- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course discusses issues related to quality control. Lesson 1 covers the types of monitoring and the related procedures, communications, and documentation that are required by SQCS No. 8. Lesson 2 takes a look at the AICPA Peer Review Program and what happens when a firm undergoes a system review.
Course Expiration Date: March 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify the different types of monitoring activities and procedures that a firm might perform to meet the requirements of SQCS No. 8.
Determine the best methods for evaluating and communicating the results of monitoring, creating and retaining monitoring documentation, addressing complaints and allegations, and drafting the firm’s quality control policies and procedures related to monitoring.
Recognize the evolution of the peer review process, the benefits of undergoing a peer review, and how the AICPA Peer Review Program works.
Identify what firms are required to have a system review and what type of planning and other tasks they should perform prior to the system review.
Recognize what firms should expect during the planning and fieldwork phases of a system review.
Determine what post-fieldwork activities may be necessary for a system review, how system reviews are accepted, how disagreements are resolved, and what requirements must be met for peer review documentation.
Lesson 2—The Peer Review Process and Undergoing System Review