2024 Deep Dive into Quality Management

Overview

Quality management will have a big impact on CPA firms. This course will cover both SQMS 1 and 2 as well as the related engagement level standards (SAS 146 and SSARS 26). The new standards will require a risk-based approach to quality management as well as the documentation of an information & communication process. This two hour class will provide a deep dive into what you need to know to start your implementation process!

Prerequisites

Prior experience with GAAS

Objectives

• Recall the components of quality management under SQMS 1
• Describe the objective of an engagement quality review under SQMS 2
• Identify the specific responsibilities of the auditor regarding quality management under SAS 146
• Recall the responsibilities of the engagement partner in SSARS engagements

Highlights

Quality Management

Risk Assessment

SQMS