Common practice review reportable deficiencies

Common practice review reportable deficiencies

Each year, the findings of the practice review program are analyzed and common deficiencies across the country and province are identified and shared with CPAs in order to help them fulfill their professional responsibilities.This advisory outlines the common deficiencies in the areas of financial statement presentation; documentation of audit, review and compilation engagements; and documentation of and implementation of quality control policies and procedures. As well, a list of helpful resources and tools are included that may prove useful in obtaining an understanding of and complying with requirements.

The advisory is a valuable resource in ensuring your firm is performing at its peak! To read it, click here!

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