Quality Control- Review of CSQC1

Quality Control- Review of CSQC1
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.




NOTE: Course login details are normally sent to registrants within one week from date of registration.

DL22230231

Recorded: September2021 

Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs. 

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”). This 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 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 this 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.

This 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.

LEARNING OBJECTIVES
By the end of this course, participants will be able to:

  • 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)
  • common quality control deficiencies in small firms

CONTENT
Topics covered in this course include:

  • Overview of standards
  • Ethical considerations, acceptance and continuance
  • Human resources
  • Engagement performance
  • Monitoring
  • Common deficiencies and wrap up

PREREQUISITE
Participants should be familiar with CSQC1

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.

CPD- 3.5 Hours

When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand