Peer review insights: How to be better prepared and spot common audit deficiencies
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.
They discuss the current peer review environment, key focus areas for peer reviewers, and how to use Thomson Reuters cloud-based audit software to facilitate compliance.
They 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.