2 Credits: Auditing
In the realm of auditing and accounting, adherence to the latest quality standards is not just best practice, it’s a necessity. The recent overhaul of quality standards by the Auditing Standards Board has presented a problem for many firms: transitioning from SQCS 8 to the new SQMS 1, SQMS 2, SAS 146, and SSARS 26. This course agitates the concern by emphasizing the urgency and significance of adopting these new standards, which mandate a system of quality management for all accounting and auditing practices. The solution lies within this comprehensive course led by Jeff Sailor, who employs a unique, engaging style to demystify these new requirements. Participants will learn how to effectively implement these standards, understand the components of a quality management system, and prepare for the anticipated focus in peer reviews, ensuring their practices are not just compliant, but also at the forefront of quality and excellence in the field.
Upon successful completion of this course, the participant should be able to:
- Identify the 8 components of a system of quality management
- Identify the additional requirements for a system of quality management
- Apply the standards for determining when an engagement quality review will be necessary
- Describe the requirements for the conduct of an engagement quality review
- Apply the control standards in the performance of audits and other attestation engagement
- Apply the control standards in the performance of SSARS engagements
July 5, 2022
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jeff Sailor, CPA, received a master’s degree in accounting from the University of Florida. Upon graduation, he joined the auditing staff at Peat Marwick in Jacksonville, Florida, where he worked on a large number of national accounts. Jeff has managed his own accounting firm in Ocala, Florida, since 1984. During that time, he has also developed unique auditing approaches and auditing software. Since 1992, Jeff has been teaching accounting and auditing courses he developed to combat traditional “boring CPE.” Using a variety of creative teaching methods sprinkled with humorous video spoofs, Jeff is able to combine his in-depth accounting insights …