Sound client and engagement management can influence both the effectiveness and efficiency of an audit engagement. This module will provide guidance on how to maximize return on time spent with critical areas, such as budgeting, scheduling, client assistance, and delegation.
Major Topics:
- Importance of quality control on audits
- Why engagement budgets are not used, and how to overcome the barriers to success
- Determining useful budget amounts to use as a tool
- Better engagement scheduling tips for improved efficiency
- Making sure the client is ready on the first day of the audit
- Delegating for professional development and leveraging audit hours
- Handling difficult delegation scenarios
- Better engagement wrap-up tips and techniques
Prerequisites
Prerequisite: Experience on basic audit engagements.
Designed For: Accountants with responsibility for clients and engagements.
Learning Objective
- Discover and discuss critical responsibilities for client and engagement management.
- Explore and explain guidelines for better engagement budgeting and scheduling.
- Discover and discuss supervision and delegation techniques.
- Identify and describe best practices for wrapping up engagements on time and within budget.
Last updated/reviewed: March 28, 2024
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Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Learning Objectives for Client and Engagement Management 0:29
- Improved Engagement Budgeting 16:07
- Improved Engagement Budgeting Cont'd 10:44
- Better Scheduling 4:48
- Ensuring the Client is Ready 16:50
- Improving Delegation 11:16
- Improving Delegation Cont'd 11:43
- Discussion Question 11:12
- Better Engagement Wrap Up 15:56
CONTINUOUS PLAY
- Client and Engagement Management 1:39:05
SUPPORTING MATERIAL
- Slides: Client and Engagement Management - Managing the Black Holes That Erode Profitability PDF
- Client and Engagement Management - Managing the Black Holes That Erode Profitability Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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