A major concern of public accounting practitioners is their ability to perform professional engagements in a manner which will satisfy required practice inspections.
The objective of this course is to reduce practitioners’ risk of serious deficiencies being discovered by practice inspectors in engagement files. This will be done through the highlighting of engagement requirements that have been found to be common areas of deficiency in Ontario practice inspections over the past year as well as frequent items of concern in previous years.
Topics to be discussed during this presentation include:
· An overview of the 2020 Ontario practice inspection results
· Common deficiencies found by practice inspectors during that year relating to:
- Quality control policies and procedures
- Audit engagements
- Review engagements
- Financial statement presentation
In addition, this course will discuss all major changes to engagement standards made to the CPA Canada Assurance Handbook after 2020.
David Baker CPA, CA
David Baker earned his CA designation in 1981, earning an award as a top UFE writer in the Waterloo Region. In 1983 he began his own public accounting practice in Elmira, Ontario serving local small and medium-sized owner-managed businesses