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 WEBINARBusiness development for CPA firms (2 hrs)

This webinar will provide tools and techniques in business development for managers, senior managers and Partners of CPA firms.

LIVE WEBINARAssurance Technical Update 2020 (2 hrs)

In this webinar, we will discuss significant pronouncements by the AASB (Auditing and Assurance Standards Board) and their implications for assurance practitioners.We will also provide action steps to help practitioners affected by current or soon to be effective changes to the assurance standards.These include significant changes to the Canadian Standards on Quality Control, the Canadian Auditing Standards and the Compilation Standards

LIVE WEBINARAssurance Technical Update 2020: Non-audit engagements (1.5 hrs)

In this webinar, we will discuss significant pronouncements by the AASB (Auditing and Assurance Standards Board) and their implications for assurance practitioners. We will also provide action steps to help practitioners affected by current or soon to be effective changes to the assurance standards. These include significant changes to the Canadian Standards on Quality Control and the Compilation Standards.

LIVE WEBINARProposed Canadian Standard on Quality Management (CSQM 1 and 2) : Key changes (1 hr)

In this webinar, we will examine the Canadian Standard on Quality Management (CSQM) 1 and CSQM 2, which is proposed to replace the Canadian Standard on Quality Control (CSQC 1).

CSQM 1 provides a new approach to quality management at the firm level including guidance on a risk assessment process.  The standard sets out what is needed in a firm’s quality control to manage the quality of engagements performed by the firm.  CSQM 2 provides guidance on engagement quality reviews.  Guidance for both quality management and engagement quality reviews are currently contained in CSQC 1.

The webinar will examine key differences between CSQM 1 and 2 compared to CSQC 1 to help firms prepare for the future transition to the new quality management standards.

LIVE WEBINARProfessional ethics for assurance profession (2 hrs)

In this webinar, we will use case studies to apply specific areas of the CPA code of professional conduct (“code”) and the Assurance handbook to examine our ethical responsibilities and challenges within our profession.

This webinar will also introduce a critical thinking methodology that will be applied to an ethical decision-making framework.  Finally, we will explore current events relevant to the profession to understand how to deepen our ethical decision-making framework.

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 WEBINARNew Manager Training (9 hrs)

This is a multiple webinar program ((Three webinars, 3 hrs each) designed to address technical and communication competencies that are important for new managers in a CPA firm.  Topics include:

  • Planning and designing effective assurance procedures
  • Effective use of analytical procedures for engagements (including data analytics and data extraction software)
  • Business development and growing your professional network
  • Providing and receiving effective feedback

LIVE WEBINARNew Senior Training (9 hrs)

This is a multiple webinar program (three webinars, 3 hrs each) designed to address technical and communication competencies that are important for new seniors in a CPA firm.  Topics include:

  • Understanding your role in planning and risk assessment as a senior
  • How to supervise your staff while completing your own work
  • How to increase your productivity as a senior