SQCS No. 7 Managing Your Quality Control Systems
   LIVE Webinar  

 

Event Details:                                                                                                                                                           printer-friendly page

The new Statement on Quality Control Standards (SQCS) No. 7 will establish standards and guidelines for CPA firms with respect to the quality control of its auditing and accounting practice. This new guidance will also be issued in conjunction with the AICPA Code of Professional Conduct.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help the public understand the impact of the new guidelines on CPA firms and other companies that are most affected by them. The speakers will present their expert opinions in a two-hour LIVE Webinar.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code: 083788
Course Fee: $199 - $299 (Please click here for details)

 

Featured Speakers for SQCS No. 7 live webinar:                                                                                         


  Event Talking Points (click here to view more)
SEGMENT 1:


Ahava Goldman, Technical Manager - Audit and Attest Standards,
American Institute of Certified Public Accountants

- Communication and Documentation Requirements
  - New
  - Tailor to needs, size and structure of firm.
- Elements of QC System
  - Firm Leadership (very important!)
  - Relevant Ethical Requirements
  - Client Acceptance
  - Human Resources
  - Engagement Performance
  - Monitoring
- Engagement Quality Control Review
  - Engagement performance step that also serves a monitoring function
  - Required to establish criteria
  - Not required to have engagements that meet the criteria

SEGMENT 2:


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

Leadership responsibilities for quality within the firm (the “Tone at the Top”)
  – Defining
  – Importance within a quality control system
  – Relevance to audit firms
  – Applications within the other elements of the SQCS

SEGMENT 3:


Tania Sergott, Senior Manager - Audit Standards, Policies and Methodologies ,
Deloitte & Touche

- Convergence between US and International standards:
  » Further revisions to SQCS eventually will be made to “clarify” it
  » Need for development of QC standard at the engagement level (SQCS No. 7 is at the firm level)
  » Date of completion of EQAR: by report release (issuance) date vs. by report date
- Differences between SQCS No. 7 and PCAOB Proposed Standard on Engagement Quality Review

SEGMENT 4:


Ralph Nach, CPA, Senior Consultant/AuditWatch Faculty,
Thomson Reuters

- Leadership roles, responsibilities, communications, and level of involvement in the attest practice
- Organization, roles, responsibilities, and authority of the quality control function
- Potential changes to firm policies and routine operating procedures including
  » Staffing and scheduling
  » Acceptance of clients and engagements
  » Levels of technical review
  » Resolution of disagreements
- Human resources policies and procedures
  » Performance evaluation and metrics
  » Key performance indicators
  » Compensation decisions
  » Advancement decisions


American Institute of Certified Public Accountants
Ahava Goldman
Technical Manager - Audit and Attest Standards
speaker bio »»

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

Deloitte & Touche
Tania Sergott
Senior Manager - Audit Standards, Policies and Methodologies
speaker bio »»

Thomson Reuters
Ralph Nach, CPA
Senior Consultant/AuditWatch Faculty
speaker bio »»

Who Should Attend?

- CPAs
- CFOs
- Accountants
- Controllers
- Auditors
- Senior Corporate Leaders
- Business owners and managers
- Financial Analysts
- Risk Managers
- Tax Managers
- Operations Managers

Why Attend?

This is a must attend event for anyone interested in having clear understanding about Statement on Quality Control Standards.
- 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:                                                                                                                                    


** Discounts Apply for early registration

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.


SQCS No. 7
Speaker Organization: