Quality Control - Review of CSQC1 (VO)
Every public practice firm providing assurance engagements is required to comply with the quality control standards as set out in Canadian Standards for Quality Control (“CSQC1”).
Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session.
After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.
Click HERE for more information on Video-On-Demand courses.
Every public practice firm providing assurance engagements is required to comply with the quality control standards as set out in Canadian Standards for Quality Control (“CSQC1”). The course is structured based on the CPA Canada Quality Assurance Manual subscription, however the topics and ideas may be integrated into any customized firm template. Although there have been few changes in the quality control standards for a number of years, the session is offered annually to assist practitioners in meeting the requirements. Practitioners who are new to public practice, new to the provision of assurance engagements or those who are looking for suggestions in updating the firm’s quality control function should attend this session.
The course uses CPA Canada’s Quality Assurance Manual sample and related resources as a starting point for the firm’s quality control documentation.
Note that requirements specific to firms providing services to publicly accountable entities will not be covered.
WHO WILL BENEFIT:
Practitioners who are new to public practice and have not yet established the firm’s quality control manual; are new to the provision of assurance services and have not yet implemented a firm quality control manual; or have not updated their firm’s quality control manual for a number of years.
By the end of this course, participants will understand:
- integration of quality control policies and procedures into firm and file documentation,
- requirement for engagement quality control reviews,
- ongoing (annual) monitoring: who, what, when, how and reporting,
- completed file (cyclical) monitoring: who, what, when, how and reporting,
- annual update of the firm’s Quality Assurance Manual (QAM), and
- common quality control deficiencies in small firms.
- Overview of standards
- Ethical considerations, acceptance and continuance
- Human resources
- Engagement performance
- Common deficiencies and wrap up
PREQUISITES: Participants should be familiar with CSQC1.