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C-PEM Volume 2: Practical Guidance for Audits, Reviews, and Compilations

Dive into core concepts of audits, reviews, and compilations with integrated case studies. Easily comply with CAS requirements using structured forms, memos, and standard documentation provided. Enhance risk assessment and streamline processes with C-PEM forms.

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C-PEM Volume 2: Practical Guidance for Audits, Reviews, and Compilations

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  1. IntroducingC-PEM Stuart Hartley FCA CA.IT shartley@focusroi.com

  2. Volume 1 Core concepts • Audits, reviews and compilations • Volume 2 Practical Guidance Includes 2 integrated case studies • Part A Audits • Part B Reviews • Part C Compilations • Part D Practice Aids (forms etc. on a CD)

  3. Three Audit Phases 1. 2. 3

  4. 14 AuditSteps

  5. Case Study A? Case Study B? C•PEM Volume 2 Cambridge Furniture Inc. Kennedy & Co. Business Furniture Production Furniture Parts Sales $1.5 million $ 230,000 Staff 8 2 + owner Structured Memos Completed Standard C•PEM and Condensed Documentation Forms C•PEM forms Provided The C•PEM Case Studies

  6. FAQ Responses Purpose ? S tructure for d ocument ing work per formed. Assistance in complying with CAS requirements Yes Forms are not a substitute for reading CASs T r aining required ? Ease of use ? Forms have objectives , instructions and consider points to facilitate ease of use Why d a ta base s Enables quick and consistent assessments of risk instead of checklist s ? Enables r e-use of forms (cost saving) by updating the data in subsequent years How easy t o review? The databases (su ch as risk registers) are structured to facilitate file review What are C•PEM U s e ONLY when applicable “ worksheets ” ? Design of C•PEM Forms

  7. Standard Condensed Structured C•PEM Forms C•PEM Forms Memos to File Objectives Objectives Custom Instructions CAS requirements Summarized Consider points CAS requirements Comprehensive C-PEM Audit Documentation

  8. FocusROI Services • In house and web based Training • Quality Control Monitoring • Small group Coaching www.focusroi.com 416 594 0005 info@focusroi.com

  9. Please contact us for further informationinfo@focusROI.com416 594 0005

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