Supervision & Review - A Guide for Accountants & Auditors

Introduction

Professional firms must have adequate supervision and review procedures in place. Professional bodies view quality control and high standards of services as extremely important and sanctions can be brought against firms and their members where such standards fall short of the mark. Review and supervision procedures need to be robust enough to ensure that standards are maintained.

This webinar will examine the role of supervision and review within professional accountancy firms - in particular how supervisors, managers and partners can undertake a comprehensive review of work done by accountancy staff and how to evidence that review.

The webinar will cover both audit and non-audit assignments.

What You Will Learn

This webinar will cover the following:

• How to provide evidence that the firm has a supervision and review process in place
• The types of working papers which should be on file to support the amounts and disclosures in the financial statements
• How to improve on weak review and supervision processes in readiness for a quality assurance visit from a professional body
• How review and supervision processes should work for an audit assignment
• How to get help if you are a sole practitioner struggling with technical compliance

This webinar was recorded on 25th April 2019