Small Audit Surivival: How to Compete with Big CPA Firms on Small Audits

CPE Credit: 2 hours

This presentation will address basic, practical principles for performing smaller audits to maximize both quality and efficiency with limited investments in technology.

Topics Covered

• Training and equipping staff personnel for performing quality smaller audits.
• Preparing minimum standard documentation on smaller audits.
• Maximizing engagement leader participation on smaller audits.
• Simplifying engagement review procedures.
• Wrapping up smaller audit engagements in record time.
• Selling the service advantages of the smaller CPA firm.
• Planning smaller audits in the future with practical, cost-beneficial technological applications.

Learning Objectives:

• Applying AU-C 210 to maximize small audits quality and efficiency.
• Maximizing efficiency by abandoning tradition and collecting the minimum evidence, for both quality and efficiency.
•  Considering some practical pre-conditions for smaller audits.