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Introducing C-PEM

Introducing C-PEM . Stuart Hartley FCA CA.IT shartley@focusroi.com. 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

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Introducing C-PEM

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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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