Posts

QUALITY CONTROL (QC)Completed File Monitoring (CFM) Services

Per CSQC 1 (Canadian Standards on Quality Control), a key component of a CPA firm’s system of quality control is monitoring (CSQC 1 par.16). Sheriff Consulting offers monitoring services that involve the review of a completed assurance file (audit and review). The review will provide detailed written and verbal feedback on how your firm can further improve on documentation for purposes of meeting the assurance standards, your firm’s quality control policies as well as efficiency (e.g. improving cost recovery).

 

LIVE WEBINARArtificial intelligence: Are we handing over professional judgement to AI

Artificial Intelligence (AI) has been in our collective awareness since the introduction of the villainous computer HAL 9000 in Stanley Kubrick’s classic film 2001. AI has had a few moments in popular culture such as supercomputer IBM Watson’s appearance on Jeopardy in 2011 but has typically been seen as more science fiction than reality. Today, we are interacting with AI more than we ever have and more than what we might realize. Common interactions with AI include the use of Google Home, Netflix and Amazon. The future is now for AI. In this webinar presentation, we will explore how AI is being used and the implications of AI for the future of our profession.

Live webinar:  Monday November 30th 11:00am – 1:00pm Eastern time

Live captioning will be available for this webinar



LIVE WEBINARHow to create a home studio for video and audio content creation (2 hrs)

In this webinar, we will help turn your office into a professional home studio for video and audio content creation.  We will provide tips and tools to help with the CAL of video content:

  • Camera (C)
  • Audio (A)
  • Lighting (L)

The objective is to provide a cost-effective way to show high production quality when creating video or audio content.

LIVE WEBINARHow to use Zoom effectively to deliver virtual presentations (1.5 hrs)

Zoom is currently the most widely used video conference software to deliver virtual presentations.  However, many do not effectively use the available tools within both Zoom Meeting and Zoom Webinar to maximize participant engagement. These include tools such as:

  • Chats
  • Polling questions
  • Breakout rooms
  • Share audio only
  • Electronic flipcharts
  • Whiteboards

In understanding and effectively using these tools within Zoom, your presentation will become more dynamic and engaging to your audience.  In this webinar, we will demonstrate how to design an engaging presentation within Zoom.

LIVE WEBINARPerforming an audit during the coronavirus: Best practices (2 hrs)

In this webinar, we will first examine how the coronavirus has disrupted the ways in which auditors traditionally gather evidence such as the use of inquiry, inspection, and observation (CAS 500).  For example, how do we gather evidence for the assertions of existence and valuation of inventory if the auditor is not able to observe test counts because of the coronavirus.

It is not hyperbole to say that this is the most challenging time to conduct an audit in our profession’s history. Our ability to communicate with our teams and clients has been complicated by social distancing and working remotely.  The consequence for our profession is a need to reexamine how we plan and conduct the audit for many of our clients as the same as last year (SALY) approach may be inefficient and impractical because of the pandemic.  Also, there may be increased fraud and significant risk factors to your audit clients resulting from the negative economic consequences of the pandemic.

In this webinar, we will examine key areas of the Canadian Audit Standards and provide alternative ways of gathering evidence that may be more efficient and reliable during the pandemic.  We will also provide best practices to help auditors communicate with their teams and clients.

LIVE WEBINARPerforming reviews and compilations during the coronavirus: Best practices (1 hr)

In this webinar, we will first examine how the coronavirus has disrupted the ways in which review and compilation engagements are conducted.  For example, inquiry (per the Canadian Standard on Review Engagements 2400 par.5) is a primary way to obtain sufficient appropriate evidence for a review engagement. However, our ability to communicate with our clients has been complicated by social distancing and working remotely.  Also, Canadian Standards on Related Services (CSRS) 4200 will be replacing Compilation Standards 9200.  This new standard contains increased demands for documentation that will require more communication with clients.

The consequence for our profession is a need to reexamine how we plan and conduct the reviews and compilations for many of our clients as the same as last year (SALY) approach may be inefficient and impractical because of the pandemic.

In this webinar, we will examine key areas of the Canadian Standard on Review Engagements (CSRE) 2400 and provide alternative ways of gathering evidence that may be more efficient and reliable during the pandemic.  We will examine CSRS 4200 to help practitioners prepare for the changes.  We will also provide best practices to help practitioners communicate with their teams and clients.

LIVE WEBINARData Analytics 101: How to effectively use data analytics on an audit (2 hrs)

In this webinar, we will examine how auditors traditionally see and use data analytics which includes summary statistics such as averages, means and standard deviation.  However, data analytics are much more than summary statistics.   The goal of this webinar is to help auditors move into a data analytics mindset.

The webinar will introduce audit data analytics (ADA) including data visualization techniques.  The benefits of ADA can be realized in all phases of the audit process and for clients of all sizes.  We will also discuss how the use of data analytics is being integrated into the Canadian Auditing Standards (CAS) such as the revised Canadian Audit Standards 315: Identifying and Assessing the Risks of Material Misstatement.

LIVE WEBINARBlockchain, cryptocurrency and the external audit profession (2 hrs)

Blockchain and cryptocurrency are hot topics both as technologies and investments.  Ethereum, ICOs and proof of concept are among the buzz words associated with these topics.  The blockchain technology has the potential to be a significant disruptor in terms of how business transactions are initiated, authorized and recorded.  A question that has not been explored until recently is how this technology will affect the assurance profession.

A published CPA Canada report on blockchain technology (https://www.cpacanada.ca/en/business-and-accounting-resources/audit-and-assurance/canadian-auditing-standards-cas/publications/impact-of-blockchain-on-audit) has urged assurance professionals to understand the implications of this technology on the profession.  In this webinar, we will make blockchain technology and cryptocurrency understandable and provide practitioners with action steps to help them prepare for this game changing technology

LIVE WEBINARArtificial intelligence and the external audit profession (2 hrs)

Artificial Intelligence (AI) has been in our collective awareness since the introduction of the villainous computer HAL 9000 in Stanley Kubrick’s classic film 2001. AI has had a few moments in popular culture such as supercomputer IBM Watson’s appearance on Jeopardy in 2011 but has typically been more science fiction than reality. Today, we are interacting with AI more than we ever have and more than what we might realize.

In the external audit profession, the applied use of artificial intelligence, specifically machine learning, for risk assessment and evidence gathering is also progressing quickly.   This live webinar is tended for those external audit practitioners interested in how artificial intelligence will transform the audit.


LIVE WEBINARHow the Pandemic is pushing forward Blockchain and Cryptocurrency

Blockchain has been described as a transformative technology that will fundamentally change our relationships with third-party intermediaries, including banks, lawyers, and accountants.   Blockchain is most associated with cryptocurrencies such as Bitcoin and Facebook’s Libra.  However, there are many more possible applications for blockchain technology.  The Pandemic is pushing forward blockchain because of it’s potential to solve issues such as detecting Covid-19 hotspots and carriers with the promise of individual data privacy and security.

Blockchain technology has the potential to be a significant disruptor in terms of how business transactions are initiated, authorized and recorded. It has been compared in magnitude to the introduction of the internet. But, what is Blockchain, how does it work and why should we care? We will make blockchain technology understandable and provide you with action steps to help you prepare for this game-changing technology.