Engagement Quality

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As part of its measures to uphold quality control standards, the Public Company Accounting Oversight Board (PCAOB) has recently adopted Auditing Standard No. 7 Engagement Quality Review, which requires accounting firms that audits and reviews public companies' financial information to give more attention to engagement quality reviews for fiscal years beginning on or after December 15, 2009. The standard aims to increase public trust on audited reports of public companies through concurring reviews and approvals. With these measures, new rules, requirements, and consequences also come.

In a one-hour LIVE Webcast organized by The Knowledge Congress, the effects of AS 7 will be explored including the new costs to be incurred, the necessary documents that must be obtained, and other internal controls that have to be performed. Join the event by reserving your slot as soon as possible since slots are very limited!

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.00 -1.5
Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.
Advance Preparation: Print and review course materials
Course Code: 103971
Recording Fee: $199 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for The AS No. 7 Engagement Quality Review Explored LIVE Webcast:


Proposed Agenda (click here to view more)
SEGMENT 1:


Dima Andriyenko, Associate Chief Auditor,
Public Company Accounting Oversight Board

- PCAOB’s rationale for issuing the standard (i.e., the problem they were trying to solve)
- Applicability of the standard and effective date
- How the EQC Review process for an audit and interim review differ
- Q&A

SEGMENT 2:


Dean Beddow, Senior Manager - Practice Quality, Audit Quality and Risk Management,
Grant Thornton LLP

IMPLEMENTATION QUESTIONS
- Reviewing the engagement quality review process requirements, including:
    - Performance
    - Evaluation of documentation
    - Concurring approval of issuance
- Describing the expected documentation of the engagement quality review

SEGMENT 3:


Jeff Ellis, AERS Partner,
Deloitte & Touche LLP

- Differences between AS 7 and standards established by other standard setters
- Discussion of the objectives of the Standards
- Reviewing the qualifications requirements of both internal and external reviews





Public Company Accounting Oversight Board
Dima Andriyenko
Associate Chief Auditor
speaker bio »»

Grant Thornton LLP
Dean Beddow
Senior Manager - Practice Quality, Audit Quality and Risk Management
speaker bio »»

Deloitte & Touche LLP
Jeff Ellis
AERS Partner
speaker bio »»

Who Should Attend?

- Financial Auditors
- CPAs
- CFOs
- Bankers
- Comptrollers
- Tax Attorneys
- Legal Auditors
- Audit Partners
- Audit Consultants
- IT Auditors
- Corporate Senior Management

Why Attend?

This is a must attend event for anyone interested in understanding AS 7.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    


 

 

 

 


AS No. 7 Engagement Quality Review Explored
LIVE Webcast
Speaker Firms:


Public Company Accounting Oversight Board




Deloitte & Touche LLP






 

The Knowledge Group, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org


 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

Important Note: Your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date or you will not be able to obtain CLE credit.

Attention New York Attorneys:

This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.

To Claim Your CLE Credits:

The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.

To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml



 
Enrolled Agents Sponsor ID Number: 760

We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.