Instructor for this course

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Upper-level reviewers have significant responsibilities for ensuring high-quality audit engagements. Unfortunately, deficient audits have serious negative consequences for both the CPA firm and the profession as a whole. This module highlights the most important considerations for those at all levels of the engagement team with quality control responsibilities on audit engagements.

Major Topics:

  • Common peer review deficiencies that quality control reviewers should be alert to
  • Important considerations of second-level and other upper-level reviewers
  • Statement of Quality Control Standards requirements specific to financial statement audits, and other regulatory oversight considerations
  • Lessons learned from various regulatory oversight reviews


Learning Objectives

  • Discover and discuss common peer review and quality control deficiencies on financial statement audits.
  • Identify and describe important quality control standards most directly relevant to audits.
  • Explore and explain the importance of upper level workpaper reviews, including an objective engagement quality control review.
Last updated/reviewed: May 24, 2022

Included In Certifications

This course is included in the following Certification Programs:

13 CoursesAudit Training Level 4 - Supervisor/Manager

  1. Audit Quality Control - Avoiding Peer Review Deficiencies
  2. Internal Control Deficiencies and Other Matters - Adding Value Through Required Auditor Communications
  3. Auditing Impairment of Long-Lived Assets, Including Goodwill - Identifying and Calculating Impairment Losses
  4. Maximizing Analytic Procedure Evidence - Adding Value Through Useful Financial Statement Analysis
  5. Accounting Estimates, Including Fair Value - Evaluating the Propriety of Areas with Uncertainty
  6. Special Audit Considerations - Comprehending Requirements of Group Audits, Compliance Audits, Using the Work of a Specialist or Others, and More!
  7. The Art of Discipline and Getting Things Done - Applying Better Time, Team, and Project Management Techniques
  8. Management Skills - Exhibiting Traits of a Balanced Leader-Manager
  9. Personality Styles - Adapting to Different Types of Personalities for Improved Relationships and Interactions
  10. Making Rain - Improving Success with Retaining Clients and Attracting Prospects
  11. General Ethics for Business Professionals
  12. Accounting Update - Hot Topics for Preparing Current Period Financial Statements
  13. Auditing & Attest Update - Hot Topics for Current Period Audits and Other Attest Services


Course Complexity: Intermediate

Prerequisite: Experience on complex audit engagements.
Designed For: Accountants with advanced workpaper review or audit quality control responsibilities.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  0:37Learning Objectives for Audit Quality Control - Avoiding Peer Review Deficiencies
  14:49Introduction to AICPA and Other Peer Review Requirements
  12:10Common Quality Control Issuers per AICPA Peer Review Results
  9:44Common Quality Control Issuers per AICPA Peer Review Results Cont'd
  11:00Center for Audit Quality and PCAOB Inspections-Common Areas of Concern
  11:38Center for Audit Quality and PCAOB Inspections-Common Areas of Concern Cont'd
  9:29Engagement Partner Critical Responsibilities
  5:22Introduction to Quality Control Standards
  5:59Setting the Tone
  8:55Engagement Documentation and Quality Control Review
  10:20Monitoring and Quality Management Standards
  1:39:57Audit Quality Control - Avoiding Peer Review Deficiencies
  PDFSlides: Audit Quality Control - Avoiding Peer Review Deficiencies
  PDFAudit Quality Control - Avoiding Peer Review Deficiencies Glossary/ Index