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    2011 Team and Review Captain Checklists 

    You can download Checklists, Questionnaires and other Material to Perform System Reviews.
     
    You can download Checklists and other Material to Perform Engagement Reviews
    .

    You can review the latest Release Notes.

    General Notes:

    The June 2011 release of the Peer Review Program Manual should be mailed to subscribers by the end of July 2011.  If you have not received your update by then, please contact AICPA Member Services at 888.777.7077.

    The checklists have been updated for SSARS 19, which is effective for compilations and reviews of financial statements with periods ending on or after December 15, 2010.  Peer reviewers should use checklist 20,200A, 20,300A, 23,200A and 23,300A for engagements with periods ending before December 15, 2010.

    The checklists have been updated through FASB Accounting Standards Update number 2010-18.

    The Quality Control Questionnaires (sections 4300 and 4400) were updated in 2010 and again in 2011. If the appropriate questionnaire is completed by the firm in adequate detail, it can normally be used to comply with Statement on Quality Control Standards No. 7, effective January 1, 2009. The questionnaires are not intended to be used as the quality control document for large firms with complex systems of quality of control.

    Section 22,300, the “Financial Reporting and Disclosure Checklist,” is required for the general audit, and also the general review and compilation with full disclosure engagement checklists. It is not required for compilations that omit substantially all disclosures.

    Update to HUD Audit Guide

    At the time of the development of the checklists, HUD was, and still is, in the process of updating the HUD audit guide on a chapter-by-chapter basis. This approach by HUD has made it difficult to update the HUD checklist. The status of each chapter is included in the instructions to the HUD Checklist (Section 22,090), along with the related effective dates. Therefore, in reviewing chapters that have been updated by HUD, reviewers should use the HUD checklist in conjunction with the updated chapter from the HUD audit guide. Upon completion of the HUD audit guide overhaul, this checklist will be revised to be consistent with the guide.

    Additional Documentation

    As with prior versions, if additional documentation is necessary for any checklist or practice aid item, you should attach separate pages, with the additional documentation, to the checklist or practice aid.

    Supplemental Checklists

    Reviewers should now complete the supplemental checklists for engagement reviews, or document the reason(s) he or she did not in the Review Captain’s Checklist.  For reviews of compilations that omit substantially all disclosures, the reviewer may choose to complete the supplemental checklist, but it is not required.

    Digital Signature

    The checklists and practice aids in PDF format allow the documents to be digitally signed. However, the documents can still be printed and signed manually, as well.

    For assistance in reviewing an audit engagement and completing the audit engagement checklists you may download the 10-step reference guide.

     

     

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    2011 System Reviews - Team Captain Checklists

    Checklist Download all of the files you will need to get started on a System Review.  Most of these files have been updated for 2011.
    Published on April 03, 2013

    2011 Engagement Reviews - Review Captain Checklists

    Checklist Review Captains can download all documents needed for Engagement Reviews.
    Published on September 19, 2012

    2011 System Review Toolkit

    Checklist Download a zip file of all of the documents you'll need to perform a system review.
    Published on June 30, 2012

    2011 Engagement Review Toolkit

    Checklist Download a zip file with all of the documents for a 2011 Engagement Review.
    Published on June 30, 2012

    2011 Team and Review Captain Checklists

    Checklist On the 2011 Team and Review Captain Checklists page, you can link to checklists, questionnaires and other material necessary for performing system or engagement reviews.
    Published on June 22, 2011

    2011 Engagement Questionnaires

    Article Download the engagement questionnaire for financial statements with periods ending on or after December 15, 2010 or the engagement questionnaire for financial statements with periods ending before December 15, 2010.
    Published on June 21, 2011

    2011 Engagement Profiles

    Article All of the updates to Engagement Profiles have been completed. The profiles were developed with the latest version of Adobe Acrobat.  Accordingly, please ensure you have the latest version of Adobe Acrobat Reader by clicking the text next
    Published on June 21, 2011

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