2025 is The Year for Quality Management Issues

Author: Pat Patterson

This course discusses the new Quality Management Standards of Statement of Quality Management Numbers 1, 2, and 3. The course explains the following:

• 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
• 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

Publication Date: March 2025

Designed For
Professional Accountants who perform accounting and auditing functions for clients, for their firms, and accountants who perform Peer Reviews.

Topics Covered

• Differences of Quality Management Versus Quality Control
• Quality Management Introduction
• Issues in Quality Management Standards Compared to Quality Control
• New SAS 147 and Ethics issues on NOCLAR

Learning Objectives

• Identify the current issues in the Quality Management Standards
• Identify what a Quality Management Partner must do
• Identify Quality Risks
• Explain how to perform a Quality Risk Assessment
• Identify the differences between Quality Management and Quality Control

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
None

Advance Preparation
None