Peer review insights: How to be better prepared and spot common audit deficiencies

On-Demand Event

Hosted by Thomson Reuters

Regardless of when your next peer review is happening, every engagement needs to meet the standards. Is your firm executing audit steps using the methodology, technology, and forms at the highest level to ensure every engagement passes?

Join our Thomson Reuters audit experts, Alison Parker, CPA, PPC Executive Editor for Accounting & Audit, and Shawn O’Brien, CPA, Senior Consultant and Business Development for AuditWatch, as they discuss peer reviews of audit engagements.

This session will discuss the current environment of peer review, including the areas of focus of peer reviewers, and how to use Thomson Reuters cloud-based audit software to facilitate compliance.

They will also share real-world examples of peer review comments received by firms and discuss what firms can do to remediate them now and avoid them in the future.

After completion of this webcast, you should be able to:

List the topics that are the areas of focus of peer reviewers
Identify ways to avoid such comments on your next peer review
Apply best practices and share ideas with other members of your audit teams

1 CPE credit* is offered for live attendance. CPE is not offered for on-demand views.

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*CPE Credits: Thomson Reuters, Tax & Accounting, Professional Software & Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry.

Alison Parker, CPA

Senior Technical Editor

Thomson Reuters

Alison Parker, CPA, is a senior technical editor of PPC products for the Tax & Accounting business of Thomson Reuters. She is a contributing author of PPC’s Guide to PCAOB Audits, PPC’s Guide to Audits of Nonpublic Companies, PPC’s Practice Aids for Audits of 403(b) Plans, and PPC’s Practice Aids for Audits of Form 11-K Benefit Plans, as well as a coauthor of PPC’s Practice Aids for Audits Performed under International Standards and The PPC Accounting and Auditing Update newsletter. Prior to joining Thomson Reuters, she was a senior audit manager for Whitley Penn LLP. Ms. Parker has also worked as an accounting manager in the pharmaceutical industry and as an audit manager for KPMG LLP. Her extensive experience includes providing a wide range of accounting, auditing, and consulting services to public, private, and nonprofit clients.

Shawn O'Brien, CPA

Senior Consultant

Thomson Reuters

Shawn O’Brien, CPA, is a senior consultant for Thomson Reuters / AuditWatch. He specializes in providing audit efficiency and quality, and core-level training for accounting firms.

Shawn was previously an Audit Senior Manager at Deloitte in Pittsburgh where he specialized in construction contractors, health care, not for profits, and middle market manufacturers. He also taught numerous local and national seminars for Deloitte.

Shawn graduated from Duquesne University with a Bachelor’s degree in Business Administration majoring in accounting. He began his career at E&Y. He is a member of the AICPA.