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Las Vegas, Nevada
October 6 - 7, 2010
Register online
With more and more competitive pressure, client fee concerns, new accounting pronouncements, and changing audit tools, it’s easy to see why firms sometimes struggle to achieve optimal audit quality and efficiency. Join us for a conference designed to provide you with the knowledge, techniques, and tips to carry out your professional responsibilities in an effective and efficient manner.
Conference Objectives
This conference will provide you with the latest updates and techniques to help ensure that your firm is performing 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
KEYNOTE SPEAKER: Former AICPA ASB Chairman Harold Monk, CPA.
Additional speakers for this event will include AuditWatch Consultants Pete Bieghler, CPA, Wayne Kerr, CPA, Shawn O’Brien, CPA, and other nationally recognized experts.
Date and Location
October 6 - 7, 2010 | Las Vegas, NV
Caesars Palace
866.227.5944
$149 per single/double room
Hotel Reservation Cut-Off: August 30
Registration Fee
$789 (Main Conference)
Only $710 through September 6!
CPE Credit
16 Hours
Intermediate | Auditing
To Register
Call 800.231.1860 or register online.
Session Topics
General Sessions:
Real World Stories of Quality and Efficiency Challenges: A Firm's Perspective
This session will focus on the challenges and successes faced by firm leaders in their efforts to improve audit quality and efficiency. The presenters will share their own lessons learned and examples in this engaging and practical presentation.
Getting the Most Out of Your Internal Controls Work
Internal controls are a key focus area for many firms. In this session we will review best practices for understanding internal controls on your audits. We will discuss critical concepts, such as key controls and the top down approach, in a practical and simplified way. This session will incorporate real world examples that will help you bring this information back to your firm and apply it immediately.
Current ASB Activities and Their Impact on Audit Quality and Efficiency
Former AICPA Auditing Standards Board Chairman, Harold Monk, Jr. will provide his insights on what is on tap for the audit industry and how changes will affect your firm and engagements.
The Tone at the Top: Effective Supervision and Feedback Strategies
In this session we will discuss the role of partners and firm leaders in driving quality and efficiency improvement. We will focus on how quality supervision is a key to efficient engagements and will provide practical tips for improving supervision at various levels.
Concurrent Sessions:
Auditing Low Risk Areas Efficiently
The risk assessment model only works when an auditor considers the financial statement and assertion-level risks in designing their audit approach. Many auditors however struggle with properly modifying procedures in lower risk areas. We will discuss how to identify low risk areas at your client and how to avoid over-auditing them. We will provide specific examples of common procedures for low risk areas.
Improving Audit Procedures Over Revenue
Revenue recognition is an important risk on most audits. We will discuss best practices for auditing revenue, including types of procedures to perform, documentation, linkage and more!
Effective Client Management: Helping Them Help You
Client management can make or break your budgets. We will discuss what auditors can do to help our clients help us! We will review best practices in budgeting, client requests, and communication, amongst others.
Unleashing the Power of Analytical Procedures
Analytical procedures are powerful tools in performing audit procedures. When performed properly, they can improve both the quality and efficiency of an audit engagement. We will review best practices for performing better analytics including which accounts are appropriate for analytical review, applying a risk-based approach to analytical procedures and tailoring your other audit procedures to reflect analytical procedures performed.
PPC 101: Maximizing Efficiency Using Key PPC Forms
Do you have questions about how you can modify the PPC approach to best suit your engagements? In this session we will review the most frequently asked questions related to PPC forms and methodology, including what forms you have to use, which ones you can skip or modify, understanding the different practice aids that are available, and using key forms better.
Best Practices in Making Confirmation Procedures More Productive
Are your staff auditors bogged down by confirmations and follow-up procedures? We will review best practices for improving confirmation response rates, confirming more efficiently, determining the key factors in getting the right sample size and more!
Audit Challenges and Solutions Round Table Discussion—Small/Medium/Large Firm Focus
Our experts will moderate several different round table discussions (organized by firm size) to allow participants to share their challenges and best practices at their firms. This will be a facilitated discussion where we will identify common issues and solutions from both participants and presenters.
Productivity Considerations in Yellow Book Audits
We will review best practices in performing yellow book audits to improve both quality and efficiency on your engagements. Topics will include combining single audit and financial statement audit testing, awareness of new single audit guidance and other tips unique to this industry.
Productivity Considerations in Construction Audits
We will review best practices specific to the construction industry to improve the quality and efficiency on your engagements. Topics will include common risks, best practices in auditing contract revenue, work in process and other key areas.
How the Quality Control Standards Affect Your Practice
Quality control is a critical component to ensuring the success of your engagements. Our expert will facilitate a discussion of Engagement Quality Control Reviews (EQCR) and other requirements, proposed SASs and new PCAOB standards on quality control.
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.
Productivity Consideration in Not-For-Profit Audits
We will review best practices specific to not-for-profit audits to help improve the quality and efficiency on your engagements. Topics will include common risks associated with not-for-profit audits and best practices in auditing key areas.
Big Efficiencies for Small Company Audits
Need to improve efficiency on audits of smaller clients? This session will delve into the specific challenges auditors face when auditing small clients and how to address them. Discussion topics will include streamlining the risk assessment and internal control process, modifying documentation, how to best use various audit forms and more!
Testing Controls: Why, When, and How
This session focuses on the benefits of testing controls including the best practices related to why, how, and when. We will focus on key controls, cost benefit analysis of testing, rotation plans, and the effect of control testing on other substantive testing.
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PPC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.