Avoiding Peer Review Deficiencies and Professional Liability in Public Accounting (4 hours)

Overview

Peer review deficiencies and professional liability claims result from both audit and nonaudit services. This course will provide best practices for avoiding legal liability and quality control concerns for a wide variety of professional services offered by public accountants.

Highlights

• Differentiating risks faced when performing various levels of professional services, such as audits, reviews, compilations, preparing financial statements, bookkeeping, tax return preparation, and similar
• Best practices for preventing quality control concerns that could lead to peer review deficiencies or malpractice claims
• Establishing an understanding with the client to minimize misunderstandings as to the nature and scope of engagements
• Explain situations when independence should be appropriately safeguarded when performing nonattest services

Designed For

Anyone who performs audit or other attest services

Objectives

• Recall the nature of risks faced when performing a variety of professional services for clients
• Explain how to mitigate risks faced by all CPAs in performing professional services
• List best practices for maintaining quality control for all professional engagements

Notice

“Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!