New Quality Management Standards: All You Need to Know About the Firm’s Risk Assessment Process

Description

Create a robust QM system based upon your firm’s needs 

Recently issued Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management (ital), changes how quality management is approached, with emphasis on creating processes and policies tailored to your firm’s needs. The new risk assessment process is a key component to identifying and evaluating the likelihood and potential impact of various risks to your firm.

The revised QM standards are designed to emphasize firm leadership’s responsibility for proactively managing quality, strengthening a firm’s monitoring and remediation processes, and advancing the ability of the firm to tailor its system of quality management to their circumstances. The first step in the path to success in implementing these new standards is understanding them.

First in a four-part webcast series

This is the first webcast in a four-part series on the Auditing Standard Board’s (ASB) new quality management standards.

Starting with the risk assessment process, you’ll dive into the components of the ASB’s SQMS No. 1.

Attendance in each webcast in this four-part series will earn you one CPE credit. You can participate in one or all based on your interest in the topics.

Learning Objectives

•Identify The steps to perform a quality risk assessment.

Major Topics

*quality management

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
Accounting and Auditing
CPE Field of Study
Auditing
1
Who Should Attend

CPAs

Prerequisites

None

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
Dec 6, 2022
2:00 pm - 3:00 pm EDT
Location
Online – AICPA Platform
Total CPE Credits
1
Format
Webcast Replay

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$76.00
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New Quality Management Standards: All You Need to Know About the Firm’s Risk Assessment Process


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