The major topics covered in this class include:
- Basic requirements of an engagement review.
- Qualifications for serving as a peer reviewer.
- Involvement of peer review administrators and technical staff, peer review committees, AICPA, state boards of accountancy.
- Engagement selection criteria, information to be provided to the peer reviewer, the evaluation of engagements, the synthesis of matters, the nature of the reports, what happens if there is a nonconforming engagement, follow-up actions required by the committee.
- Common engagement review findings and tips for passing peer review.