Peer Review Conference 2019

This includes sessions from the conference: Peer Review Conference 2019

Preview Available

Welcome & AICPA Update

Identification: PER1901

Karen Kerber, former PRB Education and Communication Task Force Chair, will welcome attendees to Washington, DC.

Sue Coffey, Executive Vice President – Public Practice, will present on high level developments in the accounting world.

• The latest trends reshaping the accounting profession.
• How technology can enable us to enhance quality in existing service areas, and provide opportunity in new service areas our clients and businesses increasingly demand.
• Recognize common drivers of non-conforming engagements.

• Karen K. Kerber, CPA, Shareholder, KerberRose SC
• Susan S. Coffey, CPA, CGMA, Chief Executive Officer - Public Accounting, Association of International Certified Professional Accountants

Preview Available

Peer Review Update

Identification: PER1902

Jim Brackens, Vice President – Ethics and Practice Quality, and Andrew Pope, Peer Review Board Chair, will provide an update on the Enhancing Audit Quality initiative, discuss the latest developments in peer review, and other “hot topics” within the Peer Review Program.

• Identify the significant objectives of the Peer Review Program.
• Recall significant elements of the current EAQ Initiative.

• Andrew Pope, CPA, Partner, Grant Thornton LLP
• James W. Brackens, CPA, CGMA, Vice President of Ethics and Practice Quality, AICPA

Preview Available

An Inside Look at the Report Acceptance Process

Identification: PER1903

Brian Bluhm, Chair of the PRB Oversight Task Force, Suzanne Heidenreich, Technical Reviewer for the California Society of CPAs, Chuck Jordan, Alabama Society of CPAs, Paul Pierson, Illinois CPA Society, Clynt Hart, Committee Member – Alabama Society of CPAs, Karen Welch, Chair of the PRB Education and Communication Task Force, and Richard Wortmann, PRB Oversight Task Force Member, will present a mock Report Acceptance Body (RAB) meeting to highlight some best practices for Committee and RAB members. Peer reviewers, technical reviewers and administrators will also benefit from seeing the nature of RAB discussions when a review is presented for acceptance.

• Recall the roles of individuals that attend Report Acceptance Body meetings.
• Identify issues in materials presented to the Report Acceptance Body.
• Recall peer review guidance for acceptance, delayed acceptance, and deferrals of peer reviews.

• Clynt Hart, CPA, CFE, Service area leader for the Montgomery Audit Practice, Warren Averett LLC
• Richard Wortmann, CPA, DABFA, Partner, RW Group, LLC
• Paul Pierson, CPA, Senior Director of Professional Standards and Peer Review , Illinois CPA Society
• Suzanne Heidenreich, CPA, Partner, Heidenreich & Heidenrech, CPA's PLLC
• Karen Welch, CPA, Principal/Quality Control Director, Walsh & Company, PC
• Chuck Jordan, CPA, Director of Peer Review Professional Standards, Alabama Society of CPAs
• Brian Bluhm, CPA, Chief Quality Officer, Eide Bailly LLP

Preview Available

Conference Cases

Identification: PER1904

Participants will be divided into breakout groups to consider case studies and short question and answer cases on issues and problems related to the performance and administration of Peer Reviews, including discussion of recently issued Reviewer Alerts. A member of the AICPA Staff, Peer Review Board or other designated individual will facilitate each breakout group.

Preview Available

Peer Review Committee Members

Identification: PER1905A

Brian Bluhm, Chair of the PRB Oversight Task Force, and Richard Hill, PRB Oversight Task Force Member, will provide an update on recent changes to Peer Review administration, common findings from RAB observations, and an overview of how recent changes in peer review guidance impact committees and report acceptance.

• Evaluate materials presented to the Report Acceptance Body.
• Differentiate between reviewer performance findings and reviewer performance deficiencies.
• Apply peer review guidance for acceptance, delayed acceptance, and deferalls of peer reviews.

• Brian Bluhm, CPA, Chief Quality Officer, Eide Bailly LLP
• Richard Hill, CPA, CGMA, Partner, Mitchell Emert & Hill, P.C.

Preview Available

Experienced Peer Reviewers

Identification: PER1905C

Chuck Jordan, Alabama Society of CPAs, and Clynt Hart, Committee Member – Alabama Society of CPAs will provide an in-depth discussion on recent peer review guidance changes, address common questions from peer reviewers and cover best practices for getting peer reviews through the report acceptance process.

• Identify where reviewers often don’t comply with the peer review standards, as identified through RAB observations.
• Identify best practices when completing peer review documentation.
• Differentiate between the various options for corrective actions and implementation plans so you can recommend the step to help your peer review clients improve.

• Clynt Hart, CPA, CFE, Service area leader for the Montgomery Audit Practice, Warren Averett LLC
• Chuck Jordan, CPA, Director of Peer Review Professional Standards, Alabama Society of CPAs

Preview Available

New Peer Reviewers

Identification: PER1905D

Mike Brand, former Peer Review Board member, and Jaime Beasley, Manager – Peer Review, will discuss the key parts of the peer review process, the use of PRIMA during this process, and resources available to peer reviewers.

• Discuss elements of the peer review process.
• Discuss the use of PRIMA during the peer review process.
• Review available resources.

• Jaime Beasley, CPA, Technical Manager, AICPA
• Michael Brand, CPA, CGMA, Member, BMSS, LLC

Preview Available

Technical Reviewers

Identification: PER1905B

Suzanne Heidenreich, PRB Oversight Task Force Member, Barbara Lewis, PRB Standards Task Force Member, and Brad Coffey, Manager – Peer Review, will provide an update on items impacting technical reviews and report acceptance, with an emphasis on the evaluation of peer review working papers and how to appropriately document your technical review procedures.

• Use updated checklists to perform technical reviews of System Reviews and Engagement Reviews.
• Distinguish important concepts related to performing technical reviews of peer review documentation related to engagements subject to Government Auditing Standards and the Single Audit Act.
• Use guidance to assess and document reviewer performance considerations for Report Acceptance Bodies.
• Identify applicable guidance related to the report acceptance process.

• Suzanne Heidenreich, CPA, Partner, Heidenreich & Heidenrech, CPA's PLLC
• Brad Coffey, CPA, Technical Manager, AICPA
• Barbara Lewis, CPA, CGMA, CCIFP, Audit Director, Atkinson & Co., Ltd.

Preview Available

A&A Update and Its Impact on Peer Review

Identification: PER1906

Bob Dohrer, Chief Auditor for the AICPA, and Alan Long, former Peer Review Board Member and current Auditing Standards Board Member, will discuss updates to standards, their impact on peer review, and new standards on the horizon.

• Obtain an understanding of standards recently finalized by the Auditing Standards Board their impact on peer review.
• Obtain an understanding of exposure drafts recently issued by the Auditing Standards Board and their future potential impact on peer review.
• Learn about other projects currently on the agenda of the Auditing Standards Board and projects being undertaken jointly with other teams.

• G. A. Long, CPA, CITP, CGMA, Managing Member, Baldwin CPAs
• Bob Dohrer, CPA , CGMA, Chief Auditor, AICPA

Preview Available

Conference Cases

Identification: PER1907

Participants will be divided into breakout groups to consider case studies and short question and answer cases on issues and problems related to the performance and administration of Peer Reviews, including discussion of recently issued Reviewer Alerts. A member of the AICPA Staff, Peer Review Board or other designated individual will facilitate each breakout group.