2025 is The Year for Quality Management Issues (Completed)
Date: Monday, March 17, 2025
Instructor: Pat Patterson
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
This session discusses the new Quality Management Standards of Statement of Quality Management Number 1, 2, and 3.
The course explains the standards:
Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management,
SQMS No. 2, Engagement Quality Reviews,
Statement on Auditing Standards (SAS) No. 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards,
Statement on Standards for Accounting and Review Services (SSARS) No. 26, Quality Management for an Engagement Conducted in Accordance with Statements on Standards for Accounting and Review Services , and
SSAE 23 Statement on Standards for Attestation Engagements (SSAE) 23, Amendments to the Attestation Standards for Consistency with the Issuance of AICPA Standards on Quality Management
Who Should Attend
Professional Accountants who perform accounting and auditing functions for clients, for their firms, and accountants who perform Peer Reviews.
Topics Covered
- Statements of Quality Management Standards Nos. 1, A Firm’s System of Quality Management
- SQMS No. 2, Engagement Quality Reviews
- Statement on Auditing Standards 146 Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
- SSARS 26 Quality Management for an Engagement Conducted in Accordance with Statements on Standards for Accounting and Review Services
- SSAE 23 Statement on Standards for Attestation Engagements (SSAE) 23, Amendments to the Attestation Standards for Consistency with the Issuance of AICPA Standards on Quality Management
- Quality Management vs Quality Control
Learning Objectives
- To understand the current issues in the Quality Management Standards
- To learn what a Quality Management Partner must do
- To gain knowledge about Quality Risks
- To understand how to perform a Quality Risk Assessment
- To better understand the differences between Quality Management and Quality Control
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program Prerequisites
None
Advance Preparation
None
