Video Library
With over three decades of experience in public practice and having reviewed thousands of files, I have learned many strategies for meeting quality standards, minimizing practice inspection comments and saving time. ASK KSA Pro Tips videos share these strategies with you.
File reviews. They have to take place, but where do you start? What do you look for in order to not miss a critical issue? How can you be efficient and not spin your wheels?
In performing a file review, you don’t want to miss anything, nor waste time, and therefore a file review strategy is essential. We have ideas for you!
#ASKKSAProTips helps to develop a practical file review strategy to save time, be effective and less likely to miss a critical issue. By the end of this video, you will have file review tips including:
For further practical assistance, real-life examples and guidance on file review strategies, check out the ASK KSA PD session: Efficient File Reviews.
How many times have you read your practice inspection report and been frustrated at the point raised? You know you know better!
There are always going to be findings raised in a practice inspection report… a given in our profession. The challenge is finding the balance between too many findings and no findings at all.
#ASKKSAProTips provides simple yet effective ideas to help you minimize practice inspection comments. By the end of this video, you will have strategies to help minimize practice inspection comments and strengthen engagement quality including:
For further practical assistance, real-life examples and guidance on minimizing practice inspection comments, check out the ASK KSA PD session: Audit Hot Topics and Review Engagement Hot Topics.
Being in public practice means we have a responsibility to maintain an attitude of professional skepticism. I often hear from practitioners I work with: How am I supposed to maintain an attitude of professional skepticism? Am I not supposed to trust my clients? What am I supposed to document?
It starts with the right frame of mind. This means that even though we like our clients, we put aside our past experience of honesty and integrity with them and critically assess the evidence obtained.
#ASKKSAProTips provides insights in other strategies to incorporating an attitude of professional skepticism throughout the engagement including:
For further practical assistance, real-life examples and guidance check out the ASK KSA PD session: Professional Skepticism.
The compilation standard requires a basis of accounting note in the financial information. The question on most practitioners’ minds is where to start and what to include?
The intent of the basis of accounting note is to provide information to the users of the financial information as to how the statements have been prepared. Not every line needs a basis yet on the other hand the information should be clear and transparent.
#ASKKSAProTips will help you have a solid understanding of the basis of accounting note including helping you to:
For further practical assistance, real-life examples and guidance on requirements of the new compilation standard, check out the ASK KSA PD session: Path To Implementation: CSRS 4200.
It is critical to meet audit quality, yet at the same time engagement teams want to save time. I am often asked by auditors, how do I balance effectiveness with efficiency?
Busy season can be hectic, and it is challenging to juggle all that needs to get done. There is no magic wand to wave to get it all done; however, there are practical steps you can take to ensure you are effective and efficient in performing audit engagements. Implementing the right strategies will not only save time but will also strengthen audit quality. That is a big win.
Check out #ASKKSAProTips for strategies on how to save time in audit engagement including:
For practical assistance, real-life examples and guidance, check out the ASK KSA PD on demand verifiable CPD session: Audit Hot Topics.