Getting your audit firm ready for the new Quality Management Standards
Two new quality management standards for audit firms will replace IAASA’s current quality control standard ISQC1 with effect from 15th December 2022.
The new standards introduce a new quality management approach that is focused on proactively identifying and responding to risks to quality. The new approach requires a firm to customise the design, implementation and operation of its system of quality management based on the nature and circumstances of the firm and the engagements it performs. It also requires firms to transition from policies and procedures that address standalone elements, as required by extant ISQC (Ireland) 1, to an integrated approach that reflects upon the system of quality management as a whole.
This webinar explores the new standards and provides guidance to firms as they prepare for the imminent transition.
Key Webinar Details:
Recorded 11th May 2022
CPD Credit: 1 hour
Make sure that you input your CPA member ID as the attendee when booking.
Please note, you cannot claim CPD credit for the same event more than once. Please ensure you have not previously attended this event before purchasing the recording.