New Quality Management Standards: A Practical Approach to Risk Assessment and Response

Course Details

Date

Monday, October 28, 2024

1:00pm – 3:00pm (Registration: 2:02pm)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

2 hours CPE credit

Level of Knowledge

Beginning

Vendor

AICPA

Prerequisites

None

Description

Create a robust QM system based upon your firm's needs (bold)

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 circumstances. The new risk assessment process is a key component to identifying and evaluating the likelihood and potential impact of various risks to your firm. This webcast will offer a practical approach to risk assessment, and to determining the responses - policies and procedures - to the quality risks facing the firm.

Highlights

  • Quality management
  • Peer review
  • Audits
  • Risk assessment

    Objectives

    • Recognize the steps to perform a quality risk assessment.
    • Determine a firm's risk assessment plan.
    • Select responses to quality risks.
    • Identify how to monitor results.

    Designed For

  • CPAs
  • Peer reviewers
  • QM directors
  • AICPA members
  • Auditors

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