New Quality Management Standards: A Practical Approach to Risk Assessment and Response

Overview

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. 

• pre-record/rebroadcast

Highlights

• · Quality management
• · Peer review
• · Audits
• · Risk assessment

Prerequisites

None

Designed For

• · CPAs
• · Peer reviewers
• · QM directors
• · AICPA members
• · Auditors

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.

Preparation

None