Course ID: QPEER

Avoiding Peer Review Deficiencies and Professional Liability in Public Accounting

Peer review deficiencies and professional liability claims result from both audit and nonaudit services. This course will provide best practices for avoiding legal liability and quality control concerns for a wide variety of professional services offered by public accountants.

Learning Objectives
  • Describe the nature of risks faced when performing a variety of professional services for clients
  • Explain how to mitigate risks faced by all CPAs in performing professional services
  • List best practices for maintaining quality control for all professional engagements

Major Topics
  • Differentiating risks faced when performing various levels of professional services, such as audits, 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

Advanced Preparations


Who Should Attend

Anyone who works in public accounting.

Fields of Study



Business Learning Institute

CPE Credits


This course is available for your group as:


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