At the end of this program, you should be able to:
- Explain the impact of the new Quality Management Standards on firms.
- Outline an adoption plan for the new Quality Management Standards.
- Respond to the requirements of the new Quality Management Standards.
The AICPA issued new Quality Management Standards that require all accounting firms that perform audit, review, compilation, attestation, and agreed-upon procedures engagements to comply with the enhanced Quality Management Standards by December 15, 2025.
The most significant change in the new Quality Management Standards is the requirement that firms identify and assess quality risks specific to their practices and then design and implement responses to each identified quality risk.
This program will help you understand the new Quality Management Standards, provide practical guidance for adoption, and respond to the requirements of the new Quality Management Standards.
Prerequisites:
None
Advanced Preparation:
None
- Quality Management Standards
- Risk Management
- Compliance and Adoption
- Auditing
- James Skrobosinski
- Peter Sawchuk
Member
Non-Member