In June 2022, the American Institute of Certified Public Accountants (AICPA) issued the Quality Management Standards. Since then, the AICPA has issued additional standards related to quality management and helpful non-authoritative resources. The Quality Management Standards’ significant impact on an accounting firm with an assurance practice. Is your firm ready? Participants who attend this course will learn about these changes and available resources.
DESIGNED FOR
Those experienced CPAs in public practice serving in a managerial role; individuals responsible for maintaining a firm’s system of quality management; and other interested professionals and learners that want to learn more.
BENEFITS
- Identify components in the AICPA’s Quality Management Standards.
- Recognize how the Quality Management Standards impact an accounting firm’s practice, including the role of firm leadership.
- Recall the engagement quality review requirements.
- Understand the available AICPA Implementation non-authoritative resources.
HIGHLIGHTS
- Learn about the impact the Quality Management Standards have on accounting firm leadership. engagement partners, engagement teams, and engagement quality reviewers.
PREREQUISITES
Experienced auditors and those individuals responsible for maintaining a firm’s system of quality control.
ADVANCE PREPARATION
None