Avoiding Legal Liability and Peer Review Deficiencies in Nonaudit Services

The majority of peer review deficiencies and malpractice claims result from nonaudit services. This course provides best practices for avoiding legal liability and quality control concerns. Major Topics: Differentiating risks faced when performing nonaudit services, such as reviews, compilations, preparing financial statements, bookkeeping, tax return preparation, and similar Best practices for preventing quality control concerns that could lead to peer review deficiencies or malpractice claims Establishing an understanding with the client to minimize misunderstandings as to the nature and scope of engagements Explain situations when independence should be appropriately safeguarded when performing nonattest services Who Should Attend: Anyone who performed nonaudit services.