CPCAF
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Report and LOC
example
System Reviews
Reports:
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Report templates
LOC Findings:
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Independence
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Acceptance / Continuance
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Personnel Management
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Engagement Performance
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Monitoring
Engagement Review
Reports:
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Report templates
LOC Findings:
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Modifying
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Non-Modifying
Report Review
-Report
examples
LOR Samples
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System reviews
- Engagement
reviews
Updated 2/13/2005
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This guide, intended only for AICPA PRP reviews, can help reviewers improve the
communication objectives of their peer review reports and/or letters of
comments. This is accomplished by showing examples of reports and common
findings applicable to circumstances that a reviewer might find in a peer
review. As a result, reviewers may be able to write peer review reports and
letters of comments quicker and communicate points more clearly to the reviewed
firm.
Note that findings and recommendations in system reviews are no longer included under captions that correspond to the five elements of quality control. However, to help reviewers match a sample comment to the circumstances they encounter, each comment/recommendation pair is organized according to its relevant quality control element. In addition, pair is identified by a specific symptom and a related systemic deficiency. This format can help you quickly find the best starting point for writing a comment that fits a particular circumstance. The LOC section engagement review is split between those findings that are normally significant and those that are normally minor. Use of the terms “deficiency” and “comment.” Use the tern “deficiency(ies) to preface findings included in a report; use “comment” to preface findings included in an LOC. Important: Standard wording can be an efficient way to start your report or letter of comments, but tailor your documents and comments to the unique circumstances of the firms.
Duane
Reyhl, CPA
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