This course will be an overview of:

• How to prepare for an upcoming peer review
• Recent changes to the peer review standards, interpretations, and other related guidance
• The new quality control forms related to the review of the design of and the firm's compliance with a firm's system of quality control
• Tools that exist to help firms document their system of quality control
• System reviews to help the firm design and comply with effective quality control policies and procedures over its auditing and accounting environment
• Differences between system and engagement reviews
• Differences in engagement selection by the peer reviewer
• Lessons learned from enhanced oversights