Practice Management: Efficient File Review

Overview:

Develop an effective and efficient approach to conducting file and working paper reviews on audits and other engagements.

A critical aspect of performing engagements is file review and meeting documentation standards. There are various types of file reviews to be performed including a general file review, EQ review, section review, and detailed working paper file review.

This course will review the objectives, strategies, and approaches to each. Other file review issues will be explored including what causes file clutter and how to minimize, efficient documentation, and giving and clearing review notes.

Through illustrative examples, guidance on practical application, and an exploration of file review tips, you will strengthen your ability to conduct an effective and efficient file review and save time on your engagements. 

Course Content:

In this course, you will gain knowledge about the following topics:

·         Understand types of file reviews and their requirements

·         General and EQ reviews

·         Objectives, strategies, and approaches including minimizing file clutter

·         Overall section and detailed working paper reviews

·         File review tips

·         Examination of file review tips and giving and clearing review notes

·         Review of key points and action planning

Learning Objectives:

Upon completing this course, you should be able to: 

·         Understand the requirements of file reviews and documentation

·         Distinguish the difference between a general file review, EQ review, section review, and detailed working paper file review

·         Appreciate the objectives and strategies of each

·         Identify file clutter, how it arises, and determine how to minimize

·         Develop an efficient approach to reviewing files

·         Implement file review tips and giving and clearing review notes

Who Will Benefit:

For practitioners in public practice who want to learn how to perform effective file reviews or want to refresh their file reviewing techniques.