Surgent's Making Sense of the AICPA's New Quality Management Standards

Course Details


Friday, September 23, 2022

8:00am – 10:00am (Registration: 3:05am)



Field of Study

Accounting & Audit

CPE Credit

2 hours CPE credit

Level of Knowledge



Surgent McCoy CPE, LLC


Experience in financial accounting and reporting


In May 2022, the AICPA's Auditing Standards Board issued Statements of Quality Management Standards 1 and 2 (SQMS 1 and 2). These new statements will replace the current firm quality control guidance found in QC Section 10 and govern the design of an attest firm's system of quality management once they become effective.

This course will review the key provisions of SQMS 1 and 2 and discuss the differences between the existing and new guidance. The course will also discuss the new requirements of SAS 146, which updates the engagement partner's responsibilities related to engagement quality, in light of SQMS 1 and 2. Lastly the course will cover other applicable guidance impacted by the issuance of SQMS 1 and 2.


  • The requirements of SQMS 1 and 2
  • Similarities and differences between SQMS 1 and 2 and QC Section 10
  • SAS 146 requirements
  • Implementation guidance and best practices


  • Recall key provisions of SQMS 1 and 2
  • Identify necessary changes in existing systems of quality control in order to comply with the new SQMS guidance
  • Identify the new requirements related to engagement quality in SAS 146
  • Recall the implementation timeline of the new guidance

Designed For

Small and medium-sized practicing CPAs and their staff, who are engaged in attest engagements

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee

Non-Member Fee

Your Price

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