AS No. 7 Engagement Quality Review Explored


LIVE Webcast


Summary:

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: 1.0
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


Featured Speakers for The Foreign Account Tax Compliance Act in 2010 Explored LIVE Webcast:

Public Company Accounting Oversight Board

Dima Andriyenko
Associate Chief Auditor

Grant Thornton LLP

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

Deloitte & Touche LLP

Jeff Ellis
AERS Partner


Event Talking Points:


- 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
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
- 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


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

Thursday, September 16, 2010
3:00pm to 4:00pm (ET)