Description

Create a robust QM system based upon your firm’s needs

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.

Target Audience

- CPAs

- peer reviewers

- QM directors

- AICPA members

- Auditors

Course 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.

Subjects

- Quality management

- peer review

- audits

- risk assessment