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Las Vegas, Nevada
October 1 - 2, 2009
While the focus on performing high quality audits remains constant, economic pressure to complete the audit efficiently has intensified. Join us for a conference designed to provide you with the knowledge, techniques, and tips to carry out your professional responsibilities in an efficient manner. Sessions will include a variety of technical and audit process topics such as risk assessment, sampling, documentation and project management.
Click here to register online now!
Conference Objectives
This conference will provide you with the latest updates and techniques to help ensure that your firm is performing their audits effectively and efficiently.
Who should attend?
Experienced Managers, Directors, Partners, specifically those with influence on a firm's audit practice and standards of quality.
Conference Speakers
Speakers for this event will include AuditWatch and PPC faculty as well as other nationally recognized experts.
Date and Location
October 1 - 2, 2009 | Las Vegas, NV
Pre-Conference Session Available!
September 30, 2009, 1:00 pm - 5:00 pm
Caesars Palace
866.227.5944
$160 per single/double room
Hotel Reservation Cut-Off: August 26
Registration Fee
$769 (Main Conference)
$179 (Optional Pre-Conference on September 30th)
CPE Credit
16 Hours (Main Conference)
4 Hours (Pre-Conference)
Intermediate | Auditing
To Register
Click here to register online now or call 800.231.1860.
Session Topics
For a printable schedule detailing your choices for each conference session period, plus a printable order form, see this conference's pages in the PPC and AuditWatch Conferences catalog.
General Sessions:
Improving Firm Practices: Real Workpaper Examples
Let us share with you some of the more inefficient firm practices through review and examination of real workpaper examples. Through these examples, we will also discuss ways to improve your firm's practices. We will share our insights regarding challenges in the profession, cultural issues, and more.
Common Deficiencies in Peer Reviews
This session will uncover the common deficiencies in peer reviews with significant time spent on ideas to improve results.
Generally Accepted Auditing Standards (GAAS) Update
AICPA Auditing Standards Board Chairman, Harold Monk, Jr. will provide his insights on what is on tap for the audit industry as well as responses to frequently asked questions regarding current standards and their implementation.
Panel Discussion
The Conference's speakers will answer your questions on all topics and offer valuable best practice takeaways.
Concurrent Sessions:
Risk Assessment Procedures and Responses: Commercial Focus
This session covers audit procedures to identify various types of risks associated with commercial for-profit entities. Topics include financial statement level, assertion level and directional risks. There will also be a focus on risk linkage and customizing audit programs. Concepts and best practices will be reinforced with commercial workpaper examples.
Risk Assessment Procedures and Responses: Not-for-Profit/Government Focus
This session covers audit procedures to identify various types of risks associated with not-for-profit and government entities. Topics include financial statement level, assertion level and directional risks. There will also be a focus on risk linkage and customizing audit programs. Concepts and best practices will be reinforced with not-for-profit / government workpaper examples.
Key Issues and Solutions in Client and Project Management
Through the use of real-life workpaper examples, we will explore key issues in client and project management. This session will address scheduling, budgeting, supervision and review, PBC lists, managing adjusting journal entries and wrapping up engagements.
Opportunities and Benefits of Using Data Extraction Software
What are the benefits to using Data Extraction Software (DES)? This session will identify opportunities to use DES on your engagements as well as the advantages and barriers to using DES. We will also provide a demonstration of this tool.
Practice Efficiencies Using PPC's SMART Practice Aids: Risk Assessment
Let us show you how information gathered, risks, and responses to risks flow more efficiently through PPC's SMART Practice Aids: Risk Assessment and into your workpapers. We will illustrate how the concepts and best practices discussed in other sessions come to life in SMART Practice Aids. We will also discuss new features for 2009.
Practice Efficiencies Using PPC's SMART Practice Aids: Internal Control
Let us show you how business cycle processes, entity and activity level controls, and the matching of controls to risks flow more efficiently through PPC's new powerful tool, PPC's SMART Practice Aids: Internal Control. We will illustrate how the concepts and best practices discussed in other internal control sessions come to life in SMART Practice Aids.
Best Practices for Evaluating Internal Controls
What does it really mean to evaluate internal controls? This session will discuss the evaluation of design and verifying implementation of controls. Using workpaper examples, we will also delve into how entity-level controls affect an audit, focus on key controls, and best practices regarding walkthroughs.
Audit Documentation: What to Include and What Not to Include
Great audit documentation is all about quality, not quantity. Find out what you need and do not need as well as explore common deficiencies illustrated through workpaper examples.
Further Audit Procedures—Scoping, Sampling & Analytics: Commercial Focus
This session will delve into the heart of substantive audit procedures with a commercial for-profit focus. Topics will include applying scoping and sampling techniques efficiently and making your analytical procedures stronger. Concepts and best practices will be reinforced with commercial workpapers.
Further Audit Procedures—Scoping, Sampling & Analytics: Not-for-Profit/Governmental Focus
This session will delve into the heart of substantive audit procedures with a not-for-profit and government focus. Topics will include applying scoping and sampling techniques efficiently and making your analytical procedures stronger. Concepts and best practices will be reinforced with not-for-profit and government workpapers.
Minimizing Inefficient Staff Practices
This session will help you identify and effectively minimize common poor practices seen amongst newer audit staff. We will also discuss technology distractions and bad habits that serve as a drain to an otherwise productive day.
Evaluating Information Technology (IT) and Responding to Deficiencies
What does it really mean to evaluate IT? Key aspects related to IT will be discussed in this session including auditor responsibilities and basic definitions. We will also address what can go wrong in a simple IT system and how to properly respond to deficiencies in the course of developing your audit programs.
Exploring Yellow Book Efficiencies (and Deficiencies)
This session will tackle common deficiencies in yellow book audits, A-133 best practices, and combining Yellow Book testing with financial auditing.
Testing Internal Controls: Effective and Efficient Methods
This session focuses on the benefits of testing controls including the best practices related to the whys, hows, and whens. We will focus on key controls, cost benefit analyses of testing, rotation plans, and the effect of control testing on other substantive testing.
Review engagements
A sharing of best practices on completing effective review engagements, as accumulated by the experts at AuditWatch. This session touches upon the most significant opportunities most firms have for improvement.
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