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2021 Peer Review Insights: How to Be Prepared & Spot Common Audit Deficiencies

2021 PEER REVIEW INSIGHTS: HOW TO BE PREPARED & SPOT COMMON AUDIT DEFICIENCIES

Cost Free
Presentation Length 1.0 hour

Recorded DateDecember 17, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Course Description

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 Thomson Reuter’s Alison Parker, CPA, PPC Executive Editor for Accounting and 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 utilize 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.

Learning Objectives:


  • List the topics that are the areas of focus of peer reviewers

  • Identify ways to avoid such comments on your next peer review

  • Determine best practices and share ideas with other members of your audit teams

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Alison Parker, CPA, is a executive 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.

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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.

About Our Presenter

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Thomson Reuters® provides the profession’s most integrated, comprehensive tax and accounting software, research, training, and more. With proven brands like CS Professional Suite®, Onvio®, and Checkpoint®, you get the intelligence, technology, and human expertise you need no matter where you’re doing business. For more information, visit tax.tr.com.