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 designed to assist sole
practitioners and small firms in understanding the requirements of the standard
and how the requirements may be applied in a small firm environment. The
structure of the course is 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, 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 will find this
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 have a stronger
- 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
- completed file (cyclical) monitoring: who, what, when, how
- annual update of the firm’s Quality Assurance Manual (QAM)
- common quality control deficiencies in small firms
Participants should be familiar with CSQC1.
|| Estimated CPD Hours: Total - 3.5 Licensing - 3.5 Ethics - .5