Assurance: How to Not Fail a Practice Inspection

Accounting firms conducting assurance engagements are required to develop a system of quality control, however small the firm. But what does it mean to have a system of quality control. This course will provide practical solutions for ensuring quality control at both the firm level and at the ...

On demand, 1.5 hour(s)

$149 ($199)

4.02 (46)

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Course Description

Accounting firms conducting assurance engagements are required to develop a system of quality control, however small the firm. But what does it mean to have a system of quality control. This course will provide practical solutions for ensuring quality control at both the firm level and at the engagement level. Learn what documentation is required to pass practice inspection, the ongoing role of the firm's quality assurance manual, the difference between ongoing and completed file monitoring, requirements for the engagement partner, need for engagement quality control monitoring, common engagement file deficiencies and how to prepare an annual quality control improvement plan.

Course Walkthrough

  • Course: How to Not Fail a Practice Inspection
  • Assessment: How to Not Fail a Practice Inspection
  • How to Not Fail a Practice Inspection Slide Deck
  • Forum: Participant Discussions
  • Feedback / comments
  • Certificate: Assurance: How to Not Fail a Practice Inspection

About the Instructor(s)

Picture of Marcus Guenther
Marcus Guenther
Picture of Jennifer McCann
Jennifer McCann

Jennifer McCann is the vice-president of FocusROI Inc. and CEO of FocusCPD Inc. With over 20 years of experience, Jennifer assists accounting firms with the effective and efficient application of accounting and assurance standards, the maintenance of quality control systems, and the creation and development of relevant training programs.

Prior to joining FocusROI, Jennifer was a senior manager at EY, working in the private mid-market practice of the National Professional Practice Group. There she consulted partners and staff on various accounting and assurance matters, performed quality reviews, and delivered partner and staff training. She has held senior management positions at other mid-sized and national accounting firms where, in addition to managing client engagements, she developed audit templates, programmed audit automation software, led the staff training initiatives and performed quality control procedures.

Jennifer is currently serving as a member of the International Auditing and Assurance Standards Board (IAASB) Data Analytics Project Advisory Panel and is also an active program instructor for the Chartered Professional Accountants of Ontario.