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With firms now operating under their newly designed and implemented systems of quality management, the next major question is often: What will peer reviewers be looking for? This webcast provides a practical look at how a firm's system of quality management may be viewed in the peer review process as the profession transitions into the first cycle of QM-informed reviews. This session is designed for firms, especially sole practitioners and small- and medium-sized firms, that want to better understand how their system may be evaluated and where they should focus their attention now. You'll explore likely areas of focus in an early QM-era review, including: Documentation, monitoring and remediation activities The identification and evaluation of findings and deficiencies How firms can distinguish between isolated issues and matters that may indicate a broader problem in the system The session will also discuss practical considerations for firms that are still refining their QM processes in real time. Because the first wave of reviews will naturally surface new questions and practice issues, this webcast is intentionally framed around current expectations, likely areas of focus, and practical readiness.

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In June 2022, the AICPA Auditing Standards Board (ASB) introduced three interrelated standards on quality management, collectively known as the QM standards. These standards signify a pivotal shift for CPA firms, transitioning from a policies-based approach to a more dynamic risk-based approach to audit and attestation quality. Every firm engaged in SASs, SSARSs, and SSAEs will be impacted by these changes, which must be implemented by December 15, 2025. This course will explore the key changes introduced by the new standards, including a tailored risk assessment process, revised components of the quality management system, enhanced leadership and governance requirements, and new obligations for networks and service providers. By the end of this course, you will be equipped to navigate these changes effectively and ensure compliance with the new standards.

Big changes are coming'are you ready - By December 15, 2025, firms must comply with the new Statement on Quality Management Standards (SQMS). Understanding these requirements is the critical first step toward implementation. This on-demand course breaks down the most significant SQMS requirements, helping you navigate the changes with confidence. With the deadline fast approaching, don't wait to prepare'get the insights you need to ensure compliance and strengthen your firm's quality management system today.