Identifying and Resolving Documentation Deficiencies in Review Engagements.
In this session, we will go over the common documentation deficiencies noted during monitoring in a review engagement file prepared using the Professional Engagement Guide (PEG) checklists. We will share tips on identifying these deficiencies during a high-level partner review.
In this session, we will cover considerations related to:
** Note that this session was recorded on November 8, 2023. The session material addresses the top 7 review engagement file documentation issues and the possible root cause analysis as to why these deficiencies have been present in practice review findings since the adoption of CSRE 2400. The material remains relevant for those looking to improve documentation and compliance in a review engagement file. **
Helping Firms Thrive and Survive
Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.
Partner and co-founder of Clearline Consulting
Bridget has 20 years of experience in the accounting profession. Bridget is an assurance partner of Clearline CPA and co-founder of Clearline Consulting. Through these two diverse, however complimentary roles, her days are devoted to small and mid-size public practice firms and our clients. Bridget has many perspectives within the accounting profession. As an assurance partner, a past and present board member and a consultant working with CPABC, CPA Canada and 300+ small to mid-size firms throughout Canada. Bridget has authored and facilitated CPA courses for the profession for over 20 years and provides firm training and support in all areas of standards and regulatory compliance, practice management, quality management and file reviews.
Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.
