The Auditing Standards Board and Accounting and Review Services Committee have issued four new standards which totally supersede existing Quality Control Standards. Key changes include a new risk- based approach focused on quality management tailored to each firm, more robust leadership and governance requirements including the managing partner having ultimate responsibility for quality, and enhanced monitoring and remediation requirements. Due to the significance of the changes it is recommended that firms begin planning for the implementation immediately.

The MACPA, NCACPA and Coastal Peer Review, Inc. will present a one-hour webcast overview of the new standards and recommendations for actions necessary to prepare for their implementation in your firm.

Presented by Mike Manspeaker, CPA on Staff, Coastal Peer Review