Stay ahead in the ever-evolving world of accounting with this comprehensive course on mastering practice reviews. Tailored for accounting professionals, this course provides essential knowledge on the latest standards, such as CSRS 4200 for compilation engagements and Canadian Standards on Quality Management (CSQM) 1 and 2.

Learn how to navigate common deficiencies, document your processes effectively, and implement robust quality management systems. We’ll explore practical strategies to meet compliance requirements, perform risk assessments, and set up monitoring and remediation plans. Gain the insights and tools needed to ensure your firm operates efficiently while maintaining the highest standards of practice. Whether you manage a sole practice or a multi-partner firm, this course equips you to achieve excellence in practice reviews.

Topics List:

• Overview of Practice Review
• Compilation Engagements and CSRS 4200
• Deficiencies and Compliance Challenges
• Basis of Accounting and Misleading Information
• Acceptance and Continuance Procedures
• Practitioner Knowledge Documentation
• Canadian Standards on Quality Management (CSQM 1 & 2)
• Monitoring and Remediation Practices
• Effective Risk Assessment Strategies